AMLO

Mexico’s fuel market grip is poised to tighten, buoying AMLO

April 23, 2021

Bloomberg Mexico’s bill to increase government controls over the fuel market won final congressional approval in the latest blow to the country’s historic opening up of the energy industry. With 65 lawmakers in favor, 47 opposed, and 6 abstaining, the senate on Thursday passed the proposal from President Andres Manuel Lopez Obrador to expand control over gasoline and diesel distribution, imports and

AMLO’s Pemex Gamble Gets a Warning

June 6, 2019

From Bloomberg President Andres Manuel Lopez Obrador’s plan to rescue the heavily indebted state oil company suffered a decisive blow Wednesday, with two ratings agencies warning he’s only hurting Mexico’s finances. In almost simultaneous announcements late Wednesday, Fitch Ratings cut Mexico’s credit rating to BBB from BBB+, while Moody’s Investors Service shifted the outlook on its A3 rating to negative.

Oil Explorers Push Ahead in Mexico as AMLO Asks for More Output

March 29, 2019

From Bloomberg International oil companies including Malaysia’s Petronas, U.S. independent Murphy Oil Corp. and Spain’s Repsol SA are pushing ahead with plans to develop Mexico’s deep-water fields, as they face criticism from the government that they aren’t moving fast enough. “We’re not out there just sitting on acreage and waiting,’’ said Adam Seitchik, general manager of exploration and new ventures at Murphy Oil, speaking

AMLO Sounds Death Knell for Oil Reforms With Pemex Farm-out Halt

February 21, 2019

From Bloomberg Mexico President Andres Manuel Lopez Obrador has suspended future Petroleos Mexicanos farm-out bids, putting one of the final nails in the coffin for the 2014 energy reforms that promised to reverse years of oil-production declines with private companies’ involvement. “What is already agreed will continue on course,” said Pemex Chief Executive Octavio Romero during the president’s morning conference. He also

Mexico’s fuel market grip is poised to tighten, buoying AMLO

AMLO’s Pemex Gamble Gets a Warning

Oil Explorers Push Ahead in Mexico as AMLO Asks for More Output

AMLO Sounds Death Knell for Oil Reforms With Pemex Farm-out Halt

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