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Pemex debt

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.

Wednesday, November 6th, 2019
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Propane prices

Propane prices

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.

Tuesday, November 5th, 2019
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Pemex and the offshore industry

The NOC has failed in 50% of its attempts to find oil or gas in deep waters.

Tuesday, November 5th, 2019
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Cofece talks monopolistic practices

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.

Tuesday, November 5th, 2019
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Pemex trade balance in 3Q19

Pemex trade balance in 3Q19

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.

Monday, November 4th, 2019
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Development target

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.’

Monday, November 4th, 2019
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“The government will not be able to have healthy finances and support Pemex at the same time”: BBVA

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.

Monday, November 4th, 2019
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Oil exports in September

Oil exports in September

Pemex reported oil export figures for September 2019. This metric showed a negative behavior, as the NOC is now exporting less than 1,000mbd.

Thursday, October 31st, 2019
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Pemex Vs. Sener: refining goal

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.

 

Thursday, October 31st, 2019
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Foncerrada talks Pemex

Economist Luis Foncerrada spoke about the NOC’s impact on Mexico’s finances.

 

Thursday, October 31st, 2019
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