Category Archives: Energy

Cydsa entering new energy ventures with gas storage cave

Bloomberg – Cydsa is diving into new energy opportunities at home. The maker of products ranging from refrigerant gases to acrylic yarn announced a joint venture with Petroleos Mexicanos to store liquefied petroleum gas in a salt cavern for 20 years, at a planned cost of about $130 million.

How Mexico, Not Saudi Arabia, Could Drive Oil Prices Higher

The Street – With prices of crude oil at fresh five-year lows, investors are wondering when Saudi Arabia might finally cry uncle, cut oil production and reverse the dramatic slide in oil prices. Yet Mexico, a non-OPEC country and third largest exporter of oil to the U.S. behind Canada and the Saudi Arabia, could have nearly as much near-term influence on oil prices as Saudi Arabia if they cut their own production.