Petróleos Mexicanos (Pemex) reported that Mexico has increased 3P oil reserves (probable, probable and possible) in the last three years compared to any of the previous six years. The proven (1P), probable (2P) and possible (3P) reserves of crude oil, natural gas and other liquids are known as
The IMEF Non-Manufacturing Indicator registered an increase in March of 3.2 points to close at 52.8 units and be located in the expansion zone after spending thirteen consecutive months in the contraction zone. The trend-cycle series of this indicator increased 0.7 units and remained in the expansion zone
The IMEF Manufacturing Indicator of Mexico increased 1.0 points in March to reach 50.7 units, with which it moved to the expansion zone (> 50) after spending 21 consecutive months in the contraction zone (<50). Its trend-cycle series increased 0.1 points to reach the threshold of 50.0 units
The peso closed the session unchanged from Friday’s close, trading around 20.31 pesos per dollar, with the exchange rate touching a minimum of 20.2306 and a maximum of 20.3805 pesos and showing a lateral performance. In the foreign exchange market, the dollar weighted index lost 0.30%, due to
The Maersk shipping company announced the start of a new service that connects the ports of Vietnam and China with the east coast of the United States through the Panama Canal, starting in May 2021. The new service is offered after container trade on East-West routes decreased 2%
Mexico would achieve cotton exports of 0.4 million bales in the 2021/2022 cycle, according to projections from the Department of Agriculture (USDA). Export levels largely depend on the quality of cotton, as exports from previous years increased after the rejection of the national textile industry. Earlier, 2020/2021 marketing