• 4 minutes End of Sanction Waivers
  • 8 minutes Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 14 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 1 hour New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 5 hours Permafrost Melting Will Cost Us $70 Trillion
  • 43 mins Nothing Better than Li-Ion on the Horizon
  • 5 hours Russia To Start Deliveries Of S-400 To Turkey In July
  • 4 hours Occidental Offers To Buy Anadarko In $57 Billion Deal, Topping Chevron
  • 1 hour UNCONFIRMED : US airstrikes target 32 oil tankers near Syria’s Deir al-Zor
  • 4 hours Facebook Analysts Expect Earnings Will Reinforce Rebound
  • 21 hours Countries with the most oil and where they're selling it
  • 41 mins How many drilling sites are left in the Permian?
  • 8 hours ..
  • 22 hours Section 232 Uranium
  • 24 hours Deep Analysis: How China Is Replacing America As Asia’s Military Titan
  • 14 hours Iran Sabre Rattles Over the Straights of Hormuz

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,…




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