End of preview - This article contains approximately 1215 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - May 2020
MEXICO: Trying to adjust to oil price crash
Mexico attracted the world’s attention during the 9 April extraordinary meeting of the so-called Opec+ grouping of oil producing countries -which includes the 13 members of the Organization of Petroleum Exporting Countries (Opec) in addition to 10 more oil exporting countries that include Mexico. The aim of the virtual meeting was to reach an agreement to curb global crude oil output after a previous unsuccessful conference on 6 March led to a severe price war as a result of Russia and Saudi Arabia’s inability to reach production reduction agreement. The collapse in oil global demand that has resulted from the coronavirus (Covid-19) pandemic has exacerbated crash in international oil prices, hurting all countries that rely on oil export revenue and representing a setback to the Mexican government’s plans to revive its ailing oil industry.
- China’s ‘face mask diplomacy’ tests geopolitical ties
- ECUADOR: Triple emergency drives debate on debt restructuring
- PERU: Indigenous groups call for clean-up of extractive industries
- ECONOMIC HIGHLIGHTS
- REGION: Argentina does a U-turn on Mercosur
- PARAGUAY: Down but not out
- URUGUAY: Looking for long weekends
- BRAZIL: Who is in charge?
- ECONOMIC HIGHLIGHTS
- CENTRAL AMERICA: Tourism industry lobbies for gov’t support
- CENTRAL AMERICA: Palm oil industry seeks to turn a page
- CARIBBEAN: Unprecedented pressure on Caribbean economies
- ECONOMIC HIGHLIGHTS
- MEXICO: Trying to adjust to oil price crash
- MEXICO: Credit ratings downgrades
- MEXICO: Banxico takes differing approach
- ECONOMIC HIGHLIGHTS