Pemex Slashes Crude Oil Exports in Favor of Gas Production
The move comes as the price of crude oil is projected to increase to $88 per barrel in 2024
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Dos Bocas to Produce 164,000 Barrels of Gas Per Day by September
Mexican President Andrés Manuel López Obrador also confirmed that the Pemex refinery will begin production at the beginning of April
Read morePemex: What’s There to Celebrate?
The cow has run dry and is no longer producing milk
Read moreMexico Pumps Another 47 Million Pesos into Dos Bocas
Dos Bocas originally received 46.2 billion pesos in the construction budget for the year 2019, 45.5 billion pesos in 2020, 113.7 billion pesos in 2021 and 60.9 billion pesos in 2022, with an additional 47.2 billion pesos now allotted to the project for 2023
Read moreGas Station Explosion Kills Two, Injures 10 Others
The explosion, the exact cause of which remains unclear but which was apparently sparked by a leak from a gasoline tanker, totally decimating the Servifácil gas station and an adjacent convenience store, along with 10 other vehicle
Read moreMexican Dependency on Imported Gasoline up 28 Percent
PULSE NEWS MEXICO Mexico’s dependency on imported gasoline — mainly from the United States — has increased by 28 percent annually based on the figures from January to October of this year, data from the country’s Energy Secretariat revealed on Friday, Dec 2. During the first 10 months of 2022, imports of gasoline by the state-run Petróleos Mexicanos (Pemex) increased
Read moreAMLO Suspends Subsidies for Premium Gasoline
PULSE NEWS MEXICO Mexican President Andrés Manuel López Obrador (AMLO) on Friday, Aug. 5, announced the his administration would no longer provide financial subsidies to offset the high cost of premium gasoline. In March of this year, after global oil prices skyrocketed as a result of the war in Ukraine, López Obrador ordered the Treasury to provide a nationwide Special
Read moreUS-Mexico Ties: Temperatures Rising
By ANTONIO GARZA, former U.S. ambassador to Mexico
Read moreMexican Treasury Releases Another 22.5 Billion Pesos for Dos Bocas
By MARK LORENZANA Mexican Treasury Secretary Rogelio Ramírez de la O said he authorized a transfer of 22.5 billion pesos, labeled as “urgent,” to the Dos Bocas refinery in the southeastern Mexican state of Tabasco — one of President Andrés Manuel López Obrador’s (AMLO) controversial pet projects — at a meeting of the board of directors of state-run oil giant
Read moreGasoline in Mexico Is More Expensive than in US
By THE PULSE NEWS MEXICO STAFF Despite President Andrés Manuel López Obrador’s (AMLO) repeated promises to keep fuel prices down and ongoing tax discounts from the nation’s Finance Secretariat, gasoline prices in Mexico are now higher than in the United States. According to data from the consulting firm PetroIntelligence, regular gasoline sold Thursday in Mexico at an average of 21.51
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