The worst case price scenarios for Mexico


Oil barrelsFinancial Times – You don’t have to look far to see the impact on Mexico of falling oil prices (now close to a five-year low): just take a look at the trade balance of state giant Pemex . It slumped by half in one month, to $656 million  in October from $1.3 billion in September, and that was before the combination of Mexico’s lower production and lower world prices really began to bite.

So now would be a good time to take a cold look at how much damage falling prices could really do to Mexico as it prepares to open up its oil sector to private investment, what Mexico could do about it, what wider impact that could have, and what the US and the International Monetary Fund could do to help.

http://blogs.ft.com/beyond-brics/2014/12/11/mexico-the-us-and-the-imf-worst-case-oil-price-scenarios/

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