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LatinNews Daily - 11 January 2019

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In brief: Mexico

* Mexico’s finance ministry (SHCP) has announced that it has completed its 2019 oil hedge. According to the SHCP statement the Mexican government has locked in hedges at US$55 per barrel, equivalent to the price approved by the legislature for the 2019 budget. A longstanding part of government strategy to safeguard oil revenue from market volatility, Mexico hedges its crude every year, with the deals closely watched by the market due to the fact that trades are sufficiently big to affect prices.