Posts in tag

oil


MEXICO CITY (AP) – This week’s opening of Mexico’s oil industry to private and foreign investment caps a remarkable series of legislative victories by a president trying to re-engineer the country’s most dysfunctional institutions. Enrique Peña Nieto struck an unprecedented political deal with the two main opposition parties in his first days in office. Then …

(Reuters) – Despite its own vast oil reserves, Latin America has doubled its reliance on the United States for fuels like diesel and gasoline over the last five years to keep its economies humming – and the dependence is growing. The culprit is an outdated refining network that has not been upgraded to add capacity …