London/Dubai. A meeting of OPEC+ chief ministers left oil production policy unchanged, including a plan to start increasing output from December, while underscoring the need for some members to make further cuts to compensate for the glut. of production. Several ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, a … Read more
Mexico City, Despite the fear of oil supply restrictions and uncertainty due to hostilities between Iran and Israel, the Mexican peso managed to close the first session of the new administration in Mexico with gains against the US currency, which strengthened worldwide by the risks associated with geopolitics. After the holiday on Tuesday, due to … Read more
Amid moderate gains in the U.S. and Mexican stock markets, the Mexican peso recovered ground, closing Wednesday below the psychological level of 19 units per spot dollar, after the U.S. inflation data strengthened the outlook that the Federal Reserve (Fed) could lower interest rates in September. The Mexican currency reported a daily appreciation of 0.90 … Read more
National production of liquid hydrocarbons, which includes production by Petróleos Mexicanos (Pemex) and private companies, was 1 million 835 thousand barrels per day in April-June 2024, a figure that translated into a drop of 6.56 percent compared to the same period last year, according to information released by the National Hydrocarbons Commission (CNH). The decline … Read more
Mexico Metropolis. The chance aversion sentiment amongst traders stays sturdy this Thursday, as a result of political uncertainty that prevails on this planet, which is why the greenback is strengthening worldwide. On the opening of the American markets, the Mexican peso stays weak towards the greenback, depreciating 0.72 p.c to commerce at round 17.8235 items … Read more
London. The rise in world oil inventories through the month of April, on account of weak gasoline demand, may reinforce the explanations for producers from the Group of the Petroleum Exporting International locations and their allies (OPEC+) to keep up provide cuts At their assembly on June 2, delegates and analysts from the group met. … Read more
Mexico City. The truce in the publication of relevant macroeconomic data favors greater stability in the currency market. At the opening of the American markets, the Mexican peso remains stable, trading above 16.8672 units per dollar; At the close of Monday, the exchange rate closed at 16.8813 pesos per spot dollar. Meanwhile, the dollar remains … Read more
Mexico City. High interest rates for longer continue to resonate through the markets. Pending new announcements and new reactions to geopolitical events, the dollar resumes its gains this Thursday. At the opening of the American markets, the Mexican peso operates with a depreciation against its US counterpart of 0.51 percent, to operate at around 17.0414 … Read more
NY. Oil prices rose for the sixth consecutive session and a barrel of Mexican crude oil exceeded $80, in a market attentive to the situation in the Middle East, where there are fears of a possible direct military conflict between Israel and Iran that could further restrict supplies. . The US benchmark West Texas Intermediate … Read more
Mexico City. Amid the rise in geopolitical tensions and new highs in oil and gold, the dollar resumed its decline and the Mexican peso operates at around 16.5819 units per dollar. At the opening of the American markets, the Mexican currency appreciated 0.18 percent, to trade above 16.58, returning to levels not seen since the … Read more