Improving Mexico’s refining sector is one of President Andrés Manuel López Obrador’s (AMLO) bets. This is how the government’s plan has gone so far.
In his most recent Op-ed for El Economista, financial advisor Enrique Campos talks about what is behind the decision of President Lopez Obrador regarding Mexico’s low production cut.
Mexico joined the OPEC+ agreement to reduce oil supply. BBVA bank spoke about the effects of lower production for Pemex and the Dos Bocas refinery.
Low oil prices and the lack of a new plan for Pemex, let to the company’s Credit Default Swap (CDS) to reach historic levels.
President Andrés Manuel López Obrador (AMLO) said he did not agree with Fitch Ratings’ cut to Pemex rate. This is why.
Wall Street analysts spoke about Pemex’s actions to face the current crisis, and its effects on the Mexican economy.
Erick Sánchez, business developer at IHS Markit, spoke about the OPEC+ production cut, and how it might affect different countries, including Mexico.
OPEC members and their allies, including Russia and Mexico, announced that they reached an agreement to cut production. Mexico, however, will play a minor role in the strategy to bring prices up.
The government announced more measures to help Pemex face the current economic crisis. The Center for Economic and Budgetary Research (CIEP) spoke on the matter.
President Andrés Manuel López Obrador (AMLO) ‘shielded’ contractors from Pemex and other entities, allowing them to work despite the health emergency.
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