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All publications by tag «MEXICO»

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2020, April, 13, 11:35:00
OPEC+ REDUCES OIL PRODUCTION BY 10 MBD
OPEC led by Saudi Arabia and its allies led by Russia, which together make up the informal OPEC+ group, had forged a pact to curb crude production by 10 million barrels per day (bpd) or 10% of global supplies in marathon talks on Thursday.
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2020, April, 13, 11:30:00
OPEC+ U.S.: NO AGREEMENT
We will use the SPR to store as much oil as possible," US Energy Secretary Dan Brouillette said at a G20 energy summit. "This will take surplus oil off the market at a time when commercial storage is filling up and the market is oversupplied."
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2020, April, 10, 12:20:00
OPEC+ OIL PRODUCTION DOWN BY 10 MBD
Adjust downwards their overall crude oil production by 10.0 mb/d, starting on 1 May 2020, for an initial period of two months that concludes on 30 June 2020. For the subsequent period of 6 months, from 1 July 2020 to 31 December 2020, the total adjustment agreed will be 8.0 mb/d. It will be followed by a 6.0 mb/d adjustment for a period of 16 months, from 1 January 2021 to 30 April 2022.
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2020, April, 10, 12:15:00
OPEC+ CONVERSATION
Under the proposed deal, the 10 million b/d OPEC+ cuts would cover the months of May and June, and then be rolled back to 8 million b/d for the rest of 2020, and then down to 6 million b/d for all of 2021 through April 22,
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2020, January, 29, 12:30:00
PEMEX INVESTMENT $1 BLN
The Mexican oil company Pemex plans to invest more than US$1bn to develop and operate the Xanab offshore oil field
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2019, November, 27, 11:35:00
PEMEX PRODUCTION DOWN
Output averaged 1.66 million barrels per day (bpd) last month, or about 50,000 barrels less than in September. Compared the same month last year, Pemex’s October oil output was down 5.5%.
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2019, November, 27, 11:30:00
IMF FOR MEXICO: $61 BLN
the Executive Board of the International Monetary Fund (IMF) approved a successor two-year arrrangement for Mexico under the Flexible Credit Line (FCL) in an amount equivalent to SDR 44.5635 billion (about US$61 billion [1] ) and canceled the previous arrangement. The Mexican authorities stated their intention to treat the arrangement as precautionary.
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2019, November, 8, 10:35:00
MEXICO'S ECONOMY GROWTH 1.3%
Mexico's economy growth is expected to accelerate modestly in the near-term, reaching 0.4 percent in 2019, as macroeconomic policies become less contractionary. It is projected to recover to 1.3 percent in 2020 on the back of strengthening consumption and despite continued weakness in investment.
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2019, October, 23, 11:25:00
PEMEX BONDS UP
The bonds have rallied to their highest since April 2018 as money managers turn more sanguine about the state oil firm following a $7.5 billion bond sale to refinance its debt, potentially staving off another ratings downgrade. Pemex’s dollar-denominated bonds maturing in 2027 jumped 14% from their November low to 105.4 cents on the dollar, climbing for an eighth consecutive day on Tuesday.
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2019, October, 16, 11:55:00
MEXICO'S GROWTH 0.4%
Mexico's economy growth is projected to reach 0.4 percent in 2019, and to accelerate to 1.3 percent in 2020