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Power Outage Halts Output at Mexico's Tula Crude Refinery

Mexico’s second-biggest oil refinery was hit by a power outage that halted production, state oil company Pemex said on Saturday.

The Tula refinery in Hidalgo state that processes 315,000 barrels of crude a day suffered an electricity failure that the company was working to fix, a Pemex spokesman told Reuters. 73 more words

International

What's Happening With The Gas Situation?

If you need to fuel up your car in Mexico you look for the green, white and red Pemex  filling station(pronounced peh-mecs).  There are no Exxon or Shell franchises; no mom and pop Gas N’ Gos.   1,135 more words

Gasoline

Three reasons why gas prices in Mexico could go down

I just returned to New York from a three-week stay in northern Mexico. Besides having a great time in my home country, I was able to witness the beginnings of the gas crisis that the country is currently facing, and which has led to mobs blocking gas stations and storage terminals, and even looting stores. 450 more words

Oil

El Policía Olímpico

Fotógrafo: Jose Castañares

Agencia: Agence France-Presse / Getty Images

Año: 2017

José Castañares, reportero y fotógrafo para AFP, La Jornada, entre otros, nos regala una imagen que ilustra perfectamente la situación que vivía México en enero de 2017 con las… 264 more words

FEATURE

Gasolinazo 2017: Mexican Gas Crisis

In his 2014 new year’s address to the nation, Mexican President Enrique Peña Nieto announced that his administration would enact various measures to revitalize the sluggish Mexican economy, including plans to reduce the price of electric energy and put an end to the dreaded… 1,915 more words

Politics

Mexican protesters block highways, loot stores over 20 per cent gas price hike

MEXICO CITY (Reuters) – Mexicans angry over a double-digit hike in gasoline prices looted stores and blockaded roads on Wednesday, prompting over 250 arrests amid escalating unrest over the rising cost of living in Latin America’s second biggest economy. 285 more words

World

Shrinking Oil Giant Pemex Starts 2017 on Wrong Foot, by Don Quijones

Here’s an interesting parlor game: try to figure out which debt crisis will morph into the global debt crisis. Extra points if you correctly guess the quarter in which it happens. 272 more words

Government