Mexico’s state-owned oil company posted a staggering $23 billion record loss for the first quarter in yet another sign of trouble for President Andres Manuel Lopez Obrador’s big plans to rescue the country’s battered cash cow.
The results show Petroleos Mexicanos, which is struggling to pay down more than $100 billion of debt and halt more than a decade of production declines, had been hit hard by crude’s historic crash and the pandemic-driven collapse in energy demand even before the height of the crisis this month.
more recommended stories
Eleven executed in Tonalá, Jalisco
MEXICO CITY (Reuters) – Unidentified gunmen.
Campeche is back to Green in the Epidemiological Traffic Light
As of Monday, March 1st, two.
AMLO’s government abandons families in Playa del Carmen.
When Andrés Manuel López Obrador was.
Los Cabos positions itself as ‘the perfect escape’ from pandemic confinement – Airbnb.
Jorge Balderrama, the platform’s Director of.
In Yucatán, unemployment grows due to the pandemic.
Almost a year after the pandemic.
Without clean energies, Yucatán would be in “electronic blackout.”
“350 megawatts of sustainable energy are.
“Next wave of Covid will be like a Category 5 hurricane” – Michael T. Osterholm, Epidemiologist.
Michael T. Osterholm issued a strong.
Merida. A Sprawling city with growing risks
According to Inegi, Merida is one.
Michelle Fridman says equal marriage in Yucatan would be beneficial for Tourism
The head of the Tourism Development.
Hot Yucatan weekend in the middle of the winter
This Saturday, due to the entry.