Mexico spends $1 billion to lock in oil export prices

Financial Times – Mexico has spent more than $1 billion to lock in prices for oil exports next year to help protect public finances as its underperforming economy faces intensifying international headwinds, including the timing of a US rate rise and the US elections. The government’s annual hedging program seals in a price of $42 a barrel for 2017.

https://www.ft.com/content/3674cf38-6e0b-11e6-a0c9-1365ce54b926

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