oil

Pemex has been affected by several corruption cases, declining oil prices, and currency depreciation

Mexico’s state oil company sank 31.7% on Monday following the worst international falling of crude prices since 1991

Global stock markets plunged on Monday and oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia

Prompt prices are also expected to fall more than those in future months, widening a market structure known as contango that will encourage traders to store oil

The discoveries could help boost the production of Mexico’s state oil company Pemex

In the last two decades, Mexico and Pemex have gone down in the global ranking of the fossil fuels industry

The Court’s decision follows a modification of a gasoline regulation by Mexico’s Energy Regulatory Commission which sought to allow up to 10% ethanol in gasoline sales nationwide

Pemex's new exploratory and development strategy is part of the investment program Mexico's government will present in February

According to the President, private companies are not fulfilling their contracts

The oil hedging program, the world’s largest financial oil deal, is designed to protect Latin America’s second-largest economy against oil price crashes