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Scoop.it!
Mexico struggles to recover from the 2014 oil bust as gang violence, declining production and crime within its state-owned oil company PEMEX hold back upstream investment Via Igor Espanhol 
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Scoop.it!
The supply disruptions in Libya could last longer than previously thought, tightening oil markets as driving season boosts crude demand Via Igor Espanhol
Igor Espanhol's curator insight,
July 1, 2018 9:56 PM
"Oil prices responded to the news, but traded up only modestly. In contrast, oil prices spiked in early May when the Trump administration pulled out of the Iran nuclear deal, which at the time, was thought to lead to the disruption of around 400,000 bpd of Iranian supply. In other words, the expected Iran outage – which hadn’t even happened yet – added several dollars to the price of crude while an outage in Libya of similar size barely moved the market." |
"Mexico had been struggling with declining oil and gas production for years before Enrique Pena Nieto’s government passed a major energy sector reform in 2013. The timing of the reform was ill-fated, however. The changed went into effect in 2014 as prices began to slide, dampening foreign investor appetite for Mexican oil and gas exploration."