News and AnalysIs for

Oil prices have shown volatility in recent weeks, forcing the Ministry of Finance and Public Credit (SHCP) to make a decision to avoid large variations in the gasoline sector. The SHCP made adjustments to the Special Tax on Production and Services (IEPS) of gasoline.

During press interviews for the ‘We all want energy for Mexico’ project, industry association Amexhi said that its members had “no reservations” about a review of signed contracts if Andrés Manuel López Obrador (AMLO) is elected President. But they want it done quickly.

Pemex is the company with the most infrastructure available in the country and the firm wants to leverage this situation, thanks to Energy Reform. The NOC announced a new auction to make part of its infrastructure available.

Pemex and local authorities gave an update on the states where oil theft has increased the most during this year. The development of these and other stories in our periodic Security summary.

Pemex continues to have several problems in its refineries, without stabilizing production, increasing its dependence on imports mainly from the United States. The government has let this situation get worse and has offered little help to Pemex in this issue.

Pemex continues to report low oil production, with no signs of a recovery in the short term. Oil prices have risen to attractive levels, but the NOC has not been able to take advantage of them.

The Reform has brought plenty of benefits to the Mexican economy, but it is now facing an important challenge.

Companies like Petronas and Shell (LON: RDSB), both with operations in Mexico, spoke about the necessity to adapt their dynamics to the world’s environmental needs. The development of these and more stories in our periodic Eco summary.

Pemex continues reporting poor financial and operational metrics. Oil prices have improved in recent months, but the company continues to report low performance in investment in Exploration and Production (E&P).

The Mexican Association of Hydrocarbon Companies (Amexhi) sent a message to the government about the upcoming rounds, and spoke about the country’s energy future.