The main domestic risks faced by the Mexican economy in terms of growth and stability are the fall in oil production and the lack of a strong fiscal adjustment, because the difference between income and expenses is large, warned Bank Of America.
There were great expectations of the results that Energy Reform would produce, but a low-oil prices environment complicated the picture.
Pemex´s President, José Antonio González Anaya said that if the firm uses the Energy Reform´s advantages, it could become the largest Oil-Firm in Latin America.
Mexico’s oil industry continues to suffer problems with low oil prices. Thousands of people have lost their jobs. The Mexican government has created plans to address this situation but they have not been enough.
Pemex continues to show negative results and there is no a real solution to it. Even so, Mexican authorities believe that the firm does not need more help.
The continued drop in oil and natural gas production has caused supply shortages in the Mexican chemical sector, according to a report in El Mañana.
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