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“Once. Only this year. Later on, that’s their problem”: Finance Minister. $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway. By Don Quijones, Spain, UK, & … Read more
With perfect timing as the new government embarks on restructuring Mexico’s oil industry. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s embattled oil giant Pemex has almost tripled … Read more
“Even a small deterioration” in its perceived credit risk could take a big financial toll on Mexico. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Mexico’s President-elect, Andrés Manuel … Read more
BY SRSROCCO The situation in Mexico’s oil industry continues to rapidly disintegrate as falling oil production and rising costs resulted in an $18 billion fourth-quarter loss for the state-run oil company, … Read more