Mexico's state oil company Pemex is preparing to replace the head of its exploration and production arm, just months after he ...

By Ana Isabel Martinez, Adriana Barrera and Stefanie Eschenbacher MEXICO CITY, Dec 16 (Reuters) - Mexican state oil company ...

The Treasury Department has imposed sanctions on a violent Mexican fuel-theft cartel and its imprisoned leader, amid the ...

Mexican groups are expanding their local, illicit fuel markets into cross-border smuggling networks that affect the US energy ...

Reuters.com is your online source for the latest Mexico news stories and current events, ensuring our readers up to date with ...

The Trump administration on Wednesday imposed sanctions on the "Cartel de Santa Rosa de Lima" (CSRL) after determining that ...

Pemex faces mounting headwinds. Production has declined 8.6% year-on-year amidst natural well depletion, overdue maintenance, and a shrinking active rig base—currently 10% fewer than mid-2024. The ...

MEXICO CITY, April 13 (Reuters) - Mexico's Finance Ministry announced on Wednesday a series of measures to improve Pemex's finances, giving the ailing state-owned giant a $4.2 billion liquidity boost.

Pemex remains financially strained, with nearly $100 billion in debt, weak cash flow, and ongoing production declines. New joint venture contracts have failed to attract Big Oil, with recent awards ...

Mexico created $12B in off–balance sheet P-Caps plus a $13B investment vehicle to help Pemex manage its massive debt load. Pemex' debt now includes $105B in financial debt and $20B in unpaid supplier ...

Mexico's national oil company launched its first gasoline station outside of that country's borders on Thursday in Houston, seeking U.S. retail business as it continues to broaden its domestic oil ...

Former and current Pemex officials carried out operations through which at least MXN $568 million were diverted; the case is being investigated as part of the “Estafa Maestra,” a massive fraud that ...