The development of Mexico’s upstream oil sector has slowed since President Lopez Obrador was elected in 2018, as Lopez Obrador halted the upstream auctions put in place by the liberalization process that started in 2013. However, several companies were able to get their foot in the door, and as a result production from the private sector is expected to edge higher in coming years.
Sheky Espejo, S&P Global Commodity Insights’ Mexico energy correspondent, joins Jeff Mower, director of Americas oil news, to discuss this trend.
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AAYMP00 – Maya market parity price AAXWA00 – CIF Eastern Mexico gasoline
