Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $49,928
61%  
Woo hoo!! And we're now over 61%!! Thank you all very much!! God bless.

Keyword: meixco

Brevity: Headers | « Text »
  • Mexico will receive $6 billion from oil hedge -president Ana Isabel Martinez

    04/22/2020 11:31:53 PM PDT · by nickcarraway
    Mexican President Andres Manuel Lopez Obrador said on Wednesday that the oil hedging program the finance ministry put in place to protect government oil revenues from falling crude prices would yield 150 billion pesos ($6.11 billion). The program is expected to compensate for lost revenues after the price for Mexico’s main Maya crude export dropped to historic lows as the novel coronavirus and the fallout between oil powerhouses Russia and Saudi Arabia roils markets. “This coverage gives us around 150 billion pesos,” Lopez Obrador said. “That is, it compensates for income lost because of the oil price drop.” Lopez Obrador...