World
Petroleos Mexicanos, known as Pemex had its stand-alone assessment cut to ‘B-‘ from ‘BB-‘, a reflection of the growing concern that the government’s promise...
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World
Last Friday, the Mexican government said it would bail out the floundering state oil company Pemex with $5.5 billion in additional funds this year,...
World
The explosion comes about three weeks after Mexico’s new President Andres Manuel Lopez Obrador launched his government’s fight against corruption and gasoline thefts which...
World
Mexican President Lopez Obrador campaigned on fighting corruption in the energy sector, but for now, he seems to be fighting a losing battle. In...
Business
Speaking from Ciudad del Carmen on Saturday, Mexico’s new President Andres Manuel Lopez Obrador detailed his plans to rescue the national oil industry, according...
World
Mexico’s state-run energy giant Pemex reported losses of $14.3 billion for 2016 on Monday, halving its losses from the previous year and saying “austerity”...