Pemex Reports $2.6B Q1 Loss Despite Bailout and Rising Oil Prices

Mexican state-owned oil company Pemex recorded a US $2.6 billion loss in the first quarter, despite a government bailout and a 5.2% increase in crude oil prices.

5 May, 20:07 — 5 May, 20:07

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Mexico NewsMixed118d ago

Pemex bleeds US $2.6B in Q1 despite government bailout and rising oil prices

A 5.2% increase in the price of the Mexican crude mix (mezcla mexicana) that Pemex exports could not offset the near-40% decline in barrels shipped abroad. The post Pemex bleeds US $2.6B in Q1 despite government bailout and rising oil prices appeared first on Mexico News Daily

By MND Staff

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Pemex Reports $2.6B Q1 Loss Despite Bailout and Rising Oil Prices

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Pemex bleeds US $2.6B in Q1 despite government bailout and rising oil prices

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