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Top related persons:
Andres Manuel Lopez Obrador - 3 Lopez Obrador - 3 Pemex - 2 Valentine Hilaire - 2 Stefanie Eschenbacher - 2 Rocio Nahle - 2 Nahle - 2 Brent - 1
Top related locs:
Dos Bocas MEXICO Mexico Veracruz Tabasco Bakersfield California U.S
Top related orgs:
MEXICO CITY - 2 U.S - 1 West Texas - 1 The U.S - 1 REUTERS - 1 Thomson - 1 Mexico Energy - 1 Dos Bocas - 1

Search resuls for: "Dos Bocas"


7 mentions found


☆ Oil gains as market buffeted by supply worries
  + stars: | 2024-04-03 | by ( ) www.cnbc.com   time to read: +2 min
Oil wells are seen at an oil facility by the Highway 5 near Bakersfield in California, U.S. on Nov. 27, 2022. Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. U.S. crude oil inventories fell by 2.3 million barrels last week, higher than the 1.5 million barrel drop forecast by analysts in a Reuters poll. Russia, among the top three global oil producers and one of the largest exporters of oil products, has been contending with Ukrainian attacks on oil refineries and has also attacked Ukrainian energy infrastructure. The U.S. dollar also edged down against a basket of currencies on Wednesday, helping support demand for dollar-denominated commodities like oil.
Persons: Brent, WTI, Israel, Pemex Organizations: U.S, West Texas, Reuters, The U.S Locations: Bakersfield, California, U.S, Brent, Ukrainian, Russia, Iran, Damascus, Dos Bocas
☆ Mexico's Pemex gets billions more in government support
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +3 min
The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. In October, Pemex received 55.9 billion pesos ($3.2 billion) from the government to strengthen its financial position, accounts show. Separately, Pemex received 71.7 billion pesos over the quarter for debt amortizations. Instead of focusing so much on Pemex, Mexico could have made more of private-sector investment, boosting renewable electricity output and reducing fossil fuel reliance, he said. Pemex also reported a third-quarter net loss of 79.13 billion pesos, revenues of 462 billion pesos and a financial debt of $105.8 billion.
Persons: Raquel Cunha, Pemex, Octavio Romero, Andres Manuel Lopez Obrador, Carlos Urzua, Lopez Obrador, Valentine Hilaire, Ana Isabel Martinez, Adriana Barrera, David Alire Garcia, Stefanie Eschenbacher, Anthony Esposito, David Holmes, Jonathan Oatis Organizations: REUTERS, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Dos Bocas, Pemex
☆ Mexico President Taps New Energy Chief as His Term Enters Final Year
  + stars: | 2023-10-16 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +1 min
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador announced he has picked Miguel Angel Maciel to be his next energy minister, less than a year before the end of his six-year government, he wrote in a Monday post on social media. Maciel will replace Rocio Nahle, who served as energy chief and chair of the board of state-owned oil company Pemex since the beginning of Lopez Obrador's term in late 2018. Maciel has previously served as deputy energy minister, and Lopez Obrador stressed in his post on X that the petroleum engineer by training is trusted "due to his honesty and proven convictions in favor of national sovereignty." Nahle formally left her job as minister before the president's most important energy infrastructure project, the Olmeca oil refinery in his home state Tabasco, has come online. Lopez Obrador tasked Nahle with overseeing the project, which is running behind schedule and over budget.
Persons: Andres Manuel Lopez Obrador, Miguel Angel Maciel, Maciel, Rocio Nahle, Lopez, Nahle, Lopez Obrador, Noe Torres, Stefanie Eschenbacher, Valentine Hilaire Organizations: MEXICO CITY Locations: MEXICO, Veracruz, Tabasco, Dos Bocas, Houston, wean Mexico
☆ Mexico Energy Secretary Steps Down, to Seek Veracruz Governorship
  + stars: | 2023-10-13 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +1 min
MEXICO CITY (Reuters) -Mexico Energy Secretary Rocio Nahle has presented her resignation and will step down immediately, Mexican President Andres Manuel Lopez Obrador said on Friday, as she prepares to enter the race for governor of Veracruz state. The refinery aims to help Mexico become energy self-sufficient but has not yet begun to market its products. The list also includes Eric Cisneros and Zenyazen Escobar, who resigned from their posts as Veracruz government secretary and education secretary, respectively. The current state governor is MORENA's Cuitlahuac Garcia. Nahle sent a message on social messaging platform X thanking Lopez Obrador.
Persons: Rocio Nahle, Andres Manuel Lopez Obrador, Lopez Obrador, Nahle, Miguel Angel Yunes, MORENA, Sergio Gutierrez Luna, Claudia Tello, Manuel Huerta, Eric Cisneros, Zenyazen Escobar, MORENA's Cuitlahuac Garcia, Diego Ore, Aida Pelaez, Fernandez, Sarah Morland, Lincoln Organizations: MEXICO CITY, Mexico Energy, Dos Bocas, PAN Locations: MEXICO, Mexico, Mexican, Veracruz, of Mexico, Dos, Tabasco
☆ Mexico sees growth of up to 3% this year, eyes nearshoring boost
  + stars: | 2023-03-31 | by ( Anthony Esposito | ) www.reuters.com   time to read: +3 min
Mexico's inflation rate by the end of this year is seen slowing to 5.0%, and then to 4.0% by the end of 2024. Mexico's central bank raised rates 25 basis points to 11.25% Thursday, but hinted the hiking cycle could be nearing its end. Mexico is also primed to benefit from private investment fueled by "nearshoring," the trend of moving production to North America and away from Asia, the ministry said. Nearshoring could add up to 1.2 percentage points to GDP the ministry said, without specifying a time frame. In particular, the ministry anticipated a boost to foreign investment in manufacturing, and said the automotive industry was a "natural candidate" to take advantage of nearshoring.
☆ Mexico's newest oil refinery now seen working at half capacity in mid-2023
  + stars: | 2022-12-24 | by ( Adriana Barrera | ) www.reuters.com   time to read: +2 min
The Olmeca oil refinery, being built next to the Dos Bocas port, is set to be Pemex's eighth when it comes on line. It is key to Mexican President Andres Manuel Lopez Obrador's plan to make the country self-sufficient in gasoline and diesel, ending longstanding heavy dependence on imports, mainly from U.S. refiners. By September 15, the day before Mexican Independence Day, it would process its full capacity of 340,000 bpd and yield 280,000 bpd of gasoline and diesel, Lopez Obrador said, posting on Twitter. The Olmeca refinery has been one of the leftist president's signature public works projects since he took office in late 2018. Reporting by Adriana Barrera; Writing by David Alire Garcia; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.
☆ Mexico's Pemex increases production and imports of gasoline, fuel
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +1 min
Pemex (PEMX.UL) produced 282,600 barrels per day (bpd) of gasoline in October, up 17% from September. Diesel output jumped 21% to 151,400 bpd, and production of fuel oil fell 2.5% to 272,000 bpd, according to company figures published late Monday. The state oil company reported an 8.7% increase in petroleum products imports, especially gasoline, which increased 17% in October to 475,000 bpd. Experts and critics argue the goal is unattainable considering the deteriorated state of Mexico's local refineries and delays in starting up its new Dos Bocas refinery. Pemex reported relatively stable crude production of 1.7 million bpd.
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