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for Mexico

The New NAFTA Calms Some Automaker and Energy Concerns
The USMCA appears to calm oil industry fears that revisions to NAFTA would endanger investor protections, while Canada and Mexico both have carveouts to avoid vehicle tariffs.

NAFTA and the Implications for North American Oil and Gas
All three countries in NAFTA do not want to see new barriers erected that could impede the growing trade in oil and gas. There is a great deal of momentum to successfully conclude a new trade deal, although sticking points – largely unrelated to energy – remain.

Latin American Elections Heighten Oil Supply Risks
Populist candidates in Colombia, Brazil, and Mexico have campaigned on dramatic new reforms for state-run oil industries and are now gaining momentum in polls.

Oil Industry Cautious Ahead of Mexican Presidential Election
The frontrunner in Mexico's upcoming election, Andres Manuel Lopez Obrador, fervently opposed the historic energy reforms when they were passed several years ago.

Upstream Investment in Mexico Rises Ahead of Key Presidential Election
In the most recent auction in Mexico, 19 out of 29 bids were awarded, sharply higher than the seven expected by the government. Officials estimate that the awarded blocks could eventually attract $93 billion in investment.

Cross Post: Latin America’s Energy Reforms Will Be Tested in Upcoming Elections
Upcoming presidential elections in Latin America could be decisive in advancing policies to maintain oil revenues. However, in the current climate of growing polarization and deeply unpopular incumbents, the elections are generating tremendous political uncertainty.

Midstream Bottlenecks, Output Declines Alter Western Hemisphere’s Heavy Crude Market
Canada's oil market is dealing with transportation constraints while heavy crude producers such as Colombia and Venezuela are seeing output declines and OPEC producers are cutting production.

Crosspost: Mexico’s Energy Reforms Bear Fruit at Last
While the Mexican government has drastically overhauled the oil sector to allow foreign investment, recent news of enormous offshore discoveries are, to date, the largest and most significant manifestations of those reforms.

Fuel Theft Soars in Mexico
An average of 11 million barrels of fuel were stolen per year between 2009 and 2015, with the amount soaring to higher levels in 2016. Fuel theft could become a greater issue for Pemex if the increasing trend continues.

Mexico’s Energy Reform Finally Yields Results
There is still a long way to go before Mexican production can grow in a meaningful way, but several years since the landmark liberalization of the country’s energy sector, the situation is finally moving in the right direction.