The Mexican Petroleum Fund for Stabilization and Development (FMPED) exceeded the established income target for the first half of this year. The Ministry of Finance and Public Credit (SHCP) published the figures and explained the good behavior during the first six months of the year. Private companies increased their contributions exponentially.
The Secretary of Energy (Sener) published the outlook for fuels demand for the coming years with positive results in terms of growth. Sener pointed out that the fleet of vehicles will diversify in the coming years, without affecting the gasoline demand.
President-elect, Andres Manuel Lopez Obrador (AMLO) has generated several discussions and concerns in the Mexican energy industry due to his proposals on some key issues. Representatives of the sector talked about their concerns.
Pemex reported its trade balance for the second quarter of this year and its metrics changed from red to green. The company has poor operational metrics, forcing it to increase imports to supply local demand. However, the company has reduced its deficit in recent months.
The team of president-elect, Andrés Manuel López Obrador (AMLO), announced that it already begun reviewing the 105 contracts that will soon take place in Mexico. Lewis Energy reacted to the news.