President Andres Manuel Lopez Obrador (AMLO) talked about gasoline prices and a price reductions in the medium term.
The Mexican Association of Service Station Suppliers (AMPES) spoke about the ongoing issues between the Energy Regulatory Commission (CRE) and the government of Andres Manuel Lopez Obrador (AMLO).
Pemex and industry entrepreneurs spoke about the cyber-attack that took place last week, affecting the NOC’s information systems.
The construction of a new refinery has generated discussions about its convenience and viability. However, Mexican authorities and Pemex have shown their optimism for this project.
Pemex is in the middle of a crisis, despite aids announced by the government. Bad news seems to keep coming, this time, regarding fuel oil production.
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 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.
Propane is one of the most used fossil fuels in Mexico, but this market is beginning to show signs of decline. The government is considering taking measures in regulatory terms on this segment.
The NOC will need to import more oil or export less crude, if it intends to ‘feed’ the seven refineries that Mexico will have in 2024.
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