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
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By MARK LORENZANA The value of oil imports and the trade deficit in hydrocarbons reached an all-time high in the first five months of the year due to the global rise in crude oil prices, a situation that could complicate Mexico’s public finances, experts said on Tuesday, June 28. From January to May of this year, the prices of light
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By KELIN DILLON According to data from Mexican Congress’ approved budgets for Petróleos Mexicanos (Pemex), the state-owned gas company could be putting the lives and wellbeing of its employees and the populations residing near Pemex drilling sites at risk due to a lack of continual maintenance within the company’s infrastructure. While figures from 2018 show 17.26 billion pesos in budget
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By KELIN DILLON In the recently released 2022 edition of Brand Finance’s Oil & Gas 50, Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) fell from 16th to 20th place in the rankings of the world’s 50 largest oil companies. The drop stems from Pemex’s 6 percent reduction in valuation from 2021 to 2022; while the Pemex brand was valued at
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