By RICARDO CASTILLO Mexico’s state-owned energy companies Petróleos Mexicanos (Pemex) and the Federal Electricity Commission (CFE) continue to be leading problems for the administration of President Andrés Manuel López Obrador (AMLO). Both are separate entities that must be dealt with separately. So we’ll start with a look at Pemex, and then consider th CFE a few paragraphs down. Pemex and
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By THE PULSE NEWS MEXICO STAFF Two months after the start of his nationwide program to curb fuel theft, Mexican President Andrés Manuel López Obrador (AMLO) said on Thursday, Feb. 21, that the amount of stolen gasoline has dropped from 56,000 barrels a day to just 8,000 a day. “We experienced some difficult moments and about a week of fuel
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By RICARDO CASTILLO It’s hard to understand why Mexican President Andrés Manuel López Obrador (AMLO) reacted viscerally to the two-level downgrading New York-based Fitch Ratings made of the state-owned oil company Petróleos Mexicanos (Pemex) last Tuesday, Jan. 29. In any case, if there is going to be a culprit for the heinous performance of Pemex finances, it is none other than
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By THE PULSE NEWS MEXICO STAFF Six Mexican governors from the states most direly affected by gasoline shortages — and which, coincidentally, are also from parties other than President Andrés Manuel López Obrador’s left-leaning National Regeneration Movement (Morena) – met with Petróleos Mexicanos (Pemex) Octavio Romero Oropeza, Energy Secretary Rocío Nahle García and Public Safety Secretary Alfonso Durazo Montaño on
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By RICARDO CASTILLO It’s been barely a month since Mexican President-elect Andrés Manuel López Obrador (AMLO) won the July 1 election, and he is already raising eyebrows — not so much for his victory, but because some of the nominations he has made. Particularly grabbing attention are the appointments of several persons to his energy management cabinet. Definitely, the least
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