The country's economy would have gone for a toss if they had to sell their oil at such cheap prices. But with the hecindar hedge, the government had a contingency plan in place. It was locked in a contract to sell oil at forty nine dollars a barrel through the put options. In many ways, this was a life saver but now they may be moving on.
In today’s episode for 11th January 2022, we explain how Mexico may come to affect the “future” price of oil