While Global Oil Sales Soar, Pemex Has Lowest Output Ever
Pemex officials at the start of 2022 promised that the company would produce a minimum of 2.6 million barrels daily throughout the year
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Mexico Continually Fails to Meet Oil Performance Goals
By KELIN DILLON As Mexico continues to put focus on its home-grown oil assets as part of President Andrés Manuel López Obrador’s (AMLO) initiative for the nation’s energy self-sufficiency, which has included investments such as the costly construction of the Dos Bocas crude oil refinery in Tabasco, Mexico continues to move away from meeting its annual oil production goals —
Read morePemex Debt to Suppliers up 84 Percent in Five Months
By THE PULSE NEWS MEXICO STAFF In the month of April, Mexico’s state-owned oil company Petróleos Mexicanos’ (Pemex) debt to suppliers increased by more than 84 percent compared to the previous month and to almost twice the comparable figure five months ago. According to the company’s own statistics, released in a quarterly report, Pemex’s debt to suppliers and contractors went
Read moreMexico Anticipated to Lose 2 Percent GDP Over Gas Subsidies
By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
Read moreMexico Already Favoring Dirty Fuel Sources over Clean
By THE PULSE NEWS MEXICO STAFF Although Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform bill — which would favor the use of contaminating fossil fuels over cleaner renewable alternatives — has yet to pass Congress, the state-run Federal Electricity Commission (CFE) is already prioritizing the distribution of electric power from its own plants over private sources, even
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