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Mexico’s Pemex payment crisis: suppliers threaten July shutdown

Oil & Gas 360º

The service sector has significantly decreased its activities because of the lack of payments from Pemex, AMESPAC said in the letter, adding that “its cash flow is seriously compromised and in most cases it cannot guarantee operational continuity as of July of this year.” “We

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Oil’s oversupply spiral: Can prices stay above $60?

Oil & Gas 360º

Some tariffs might also have a negative effect on oil and gas industry costs, specifically the steel and aluminum tariffs the Trump administration announced earlier this week. This will not be the case with refining in the United States, where as much as 400,000 bpd in processing capacity is scheduled to be shut down this year.