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Oil Giant Pemex Posts $12.15 Billion Trade Surplus for First Half of 2013

Mexican state oil monopoly Petroleos Mexicanos posted a $12.15 billion trade surplus for the first seven months of 2013, the company said Wednesday. Exports of crude oil, petroleum products, petrochemicals and natural gas continue reading »

Mexico’s State-Owned Oil Giant Pemex Fined $50 Million

Mexico's Federal Competition Commission, or CFC, said it imposed a fine of 653.2 million pesos (about $50 million) on state-owned oil giant Petroleos Mexicanos, or Pemex, for forcing service stations to hire the oil monopoly's trucks to handle deliveries of gasoline and diesel. continue reading »