Pemex decreases 39% its oil production in 10 years, to 1.485 million barrels per day on average in 2024. In general, the Mexican company’s oil production has maintained a downward trend over the last decade. Pemex plans to reopen closed wells to boost oil production. Oil production in
Central bank purchases drove the biggest gain in gold prices since 2010 in 2024, at an average of 2,386.20 dollars per ounce, noted Mexican mining company Industrias Peñoles. That quote is almost similar to Monday’s price, when the spot gold price stood at $3,372.13 an ounce, as of
The United States leads in investment in electric vehicles in North America, according to the American Automotive Policy Council (AAPC). Of the total regional investment in this critical area, the United States has attracted 81 percent, followed by Canada (11 percent) and Mexico (8 percent). The AAPC represents
The impact of tariffs in Mexico and Canada has weakened the economies of both countries, according to IMEF, Inegi and the Fed. For starters, the Fed reflected this outlook at the joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve
China and the Middle East and North African Economies (MENA) top the ranking of the world’s top 15 trade corridors, reported the Monetary Authority of Singapore (MAS). Other regional blocs highlighted in this list are: The Association of Southeast Asian Nations (ASEAN). North America (United States, Mexico and
United States SME exports to Mexico and Canada represent two crucial drivers for these types of companies. Both nations are the top export destinations for U.S. SME products. In 2022 (most recent year available), more than 90,000 U.S. SMEs exported more than $83 billion in goods to Canada,