Pemex reported its 3Q19 results, and one of the main surprises was a decrease in its debt. The Superior Audit of the Federation (ASF) spoke about this issue and the behavior of this metric during the past administration.
The Energy Regulatory Commission (CRE) reported propane prices for September 2019. This metric showed a small increase compared to August, but remained low compared to 2018 figures.
The NOC has failed in 50% of its attempts to find oil or gas in deep waters.
The Federal Economic Competition Commission (Cofece) started investigating alleged irregularities in the Mexican fuel market. The development of these and more stories in our periodic Retail summary.
Pemex reported its trade balance for the third quarter of 2019. This metric surprised investors, as it changed from red to green. However, exports decreased considerably during this quarter.
The government of Andrés Manuel López Obrador (AMLO) has announced several measures to help Pemex. The NOC is optimistic about the number of fields to be developed in the coming years, in addition to its 20 ‘priority areas.’
Chief economist at BBVA Mexico, Carlos Serrano, said that the government of Andrés Manuel López Obrador (AMLO) should prioritize his expenses, because helping Pemex will create a great drag on public finances.
Pemex reported oil export figures for September 2019. This metric showed a negative behavior, as the NOC is now exporting less than 1,000mbd.
Pemex and the Energy Secretariat (Sener) do not seem to be on the same page when it comes to the refining goal for the end of 2019.
Economist Luis Foncerrada spoke about the NOC’s impact on Mexico’s finances.
2019, Hydrocarbons Mexico, All Rights Reserved.
