Tag Archives: oil

Press Unleashes Wrath against AMLO

By RICARDO CASTILLO There are two burning journalistic issues in Mexico that best portray not the real shape of things, but how feverish minds are trying their best to undermine the democratically and legally elected presidency of Andrés Manuel López Obrador (AMLO). Here are samples of two articles, one written by syndicated columnist Salvador García Soto and the published in

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Mexico News Roundup

By RICARDO CASTILLO U.S. OKs Anti-Covid-19 Exports to Mexico, Canada The U.S. export prohibition of anti-Covid-19 personal protection equipment to Mexico and Canada has been lifted, according to a memo issued by the U.S. Customs Border Protection Agency. The ban included ventilators, mouth covers and balloons, which can now be acquired by Mexico. On Tuesday, April 14, Mexican President Andrés

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Mexico News Roundup

By RICARDO CASTILLO Frustrated Entrepreneurs Business and politics have intentionally been kept centralized in Mexico City for decades in Mexico. But that arrangement seems to be falling apart as a result of the divide between commerce and industrial chambers leaders, specifically, Carlos Salazar Lomelín of the Business Coordination Council (CCE), Francisco Cervantes of the Industrial Chambers Confederation (Concamin) and Antonio

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US Will Help Mexico Meet Oil Production Cutback

XINHUA Mexican President Andrés Manuel López Obrador announced on Friday, April 10, that U.S. President Donald Trump has agreed to help Mexico comply with cuts to oil production required by the Organization of Petroleum Exporting Countries (OPEC). Mexico has promised a reduction of 100,000 barrels of crude oil per day in the OPEC negotiations, and the United States has dedicated

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Mexico News Roundup

By RICARDO CASTILLO Covid-19 Protection Arriving Mexico received the first plane load of medical materials from China on Wednesday, April 8, to supply its hospital personnel nationwide of much-needed protection while caring for patients infected with Covid-19. Foreign Relations Secretary Marcelo Ebrard said that Mexico paid $56.481 million to acquire 180,000 pairs of globes, 16,174,000 surgery masks and 11.5 million

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AMLO, a President with a One-Track Mind

By RICARDO CASTILLO “He slammed the door on us!” That quote is from Mexico’s Business Coordination Council (CCE) president Carlos Salazar Lomelín regarding the meeting he and other business leaders had on Monday, April 6, with Mexican President Andrés Manuel López Obrador (AMLO) concerning the nation’s booming unemployment quagmire. AMLO said his doors are open, but that he disagrees with

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Mexico News Roundup

By RICARDO CASTILLO Mexican Beaches Closed for Easter Mexican marines and municipal police have full control of Acapulco beaches to impede tourists from doing what they do best every Easter weekend: Enjoy their vacations. Guerrero Governor Hector Astudillo held a press conference on Tuesday, April 7, to “acknowledge the efforts being made by the persons participating in actions to keep

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Mexico News Roundup

By RICARDO CASTILLO Reverse Remittances While the Central Bank of Mexico has already begun whining about the potential drop in dollar-denominated remittances from the roughly 36 million Mexican workers in the United States, down to $29 billion in 2020, its U.S. counterpart, the Federal Reserve (Fed) is reporting that as of last January and through Thursday, April 2, Mexican investors

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Mexico News Roundup

By RICARDO CASTILLO AMLO to Issue Economic Forecast On Sunday, April 5, Mexican President Andrés Manuel López Obrador (AMLO) will issue a revamped economic forecast for year 2020. In the case of the previous forecast, all figures have been toppled by the financial ravages provoked by the Covid-19 pandemic and the global oil market pricing havoc. Regarding the previous forecast,

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