• 5 minutes THE GREAT OIL PRICE PREDICTION CHALLENGE OF 2018
  • 8 minutes So oil touched $80! (WTI break $71 twice). What does the future hold?
  • 14 minutes China Tariff Threatens U.S. LNG Boom
  • 35 mins Tesla’s Powerpack Battery in Australia Made up to $17 Million
  • 4 hours Will Robots Bring The Demise Of European Artistry?
  • 3 hours The Warning Lights: Full-Blown Trade War Would Cost Jobs, Growth And Stability
  • 2 hours Realism Replaces Unlikely Bromance: Macron and Trump Aren't As Chummy As They Used To Be
  • 3 hours Global Hunger Continues to Grow Driven By Climate Change
  • 31 mins Saudi Aramco IPO Seems Unlikely
  • 5 hours Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 16 hours Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 21 hours Nothing new in Middle East? Iran Puts On 'Show Of Strength' Military Exercise In Gulf
  • 20 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 hours Why Are the Maldives Still above Sea Level?
  • 2 hours The moves toward 'zero-manning' in oil & gas
  • 19 hours 100% Renewables will Fuel the Growth of Poverty and Homelessness
Alt Text

Oil Prices Unfazed By Growing Rig Count

Oil prices appear to have…

Alt Text

Why OPEC Didn’t Intervene In Oil Markets

The OPEC+ meeting in Algiers…

Southern Pulse

Southern Pulse

More Info

Trending Discussions

Latin America Energy Advisory

MEXICO

We will be closely following developments in Mexico’s energy industry, post-reform, with our partners at Southern Pulse. Energy reforms have opened up oil sector development to outsiders by removing restrictions on foreign investment that had been in place for 75 years. Confidence in the sector is at an all-time high right now, with prospects outshining the earlier pre-salt potential of Brazil. Key recent developments include:

•    This week, state-run Pemex announced that Mexico would begin shipping extra light Olmeca crude oil to European customers this month, which marks the first diversification of export following efforts at opening up the industry. We can also expect Mexico to increase exports to Asian markets in line with an announcement it made last summer. The bulk of Mexico crude exports go to the US from three Gulf coast terminals; however, officials said crude exports should be resumed shortly from a fourth terminal, Salina Cruz.

•    Six brokerage firms in Mexico are predicted that the Mexican Stock Exchange’s 35 leading stocks (the IPC) will reach a historic high by the close of 2014. The brokerages point to improved economic stability, better business prospects for IPC companies, and reduced external volatility.

•    Through our partners at Southern Pulse, we are closely following developments concerning Pemex. On 16 December, in the municipality of Tezoyuca,…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News