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1 min read

Oil spikes as deadly blaze in Mexico slashes output by 420,000 barrels per day

Pemex, Mexico's state-owned oil company, said on Monday that about 420,000 barrels per day of oil o…

Ethan Wu   


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1 min read

Lauren Frias   


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1 min read

2 workers were killed and another is missing after a fire erupted on an oil platform in the Gulf of Mexico

The CEO of Pemex said firefighting ships were able to prevent the blaze from spreading to other pla…

Jyoti Mann   


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1 min read

Oil from questionable origins with a 40% discount is being offered to US energy traders, report says

One middleman offered up to 200,000 barrels of heavy-sour crude at a $30 markdown vs. West Texas In…

Phil Rosen   


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4 mins read

Pirates attacked an Italian ship off the coast of Mexico - the latest sign of a growing criminal industry

"The military is providing more security to the pipelines, but it will be difficult to provide secu…

Christopher Woody   


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2 mins read

Mexico's state-owned oil giant just announced a major discovery that could transform the country's struggling industry

Pemex CEO Carlos Treviño said in a statement that the reserves are proven, probable, and possible, …

Akin Oyedele   


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4 mins read

Mexico's oil company is losing more than a billion dollars a year to cartels - and its own employees are helping them out

At the end of March, federal authorities said 65 Pemex employees were among 299 public workers bein…

Christopher Woody   


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3 mins read

Gas stations in Mexico are running dry after the state-owned oil company cracked down on rampant fuel theft

"I've gone to 10 gas stations and nothing, there's none at any of them," Alan Delgado, who was tryi…

Graham Rapier   


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6 mins read

Mexican drug cartels are preying on a multibillion-dollar industry and taking a deadly toll on the workers who run it

Criminal groups "go in and they get some of these Pemex employees, and they intimidate them [into] …

Christopher Woody   


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3 mins read

An oil tanker was engulfed in flames in the Gulf of Mexico

The fire follows a series of other mishaps at Pemex, which is coping with major losses, increased c…

Christopher Woody,Reuters   


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3 mins read

An oil-tanker fire in the Gulf of Mexico has been put out, but it's still not clear what caused it

The Burgos was carrying about 168,000 barrels of gasoline and diesel fuel, and while some of the fu…

Christopher Woody   


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6 mins read

Pre-Christmas gas shortages in Mexico hint at a bigger weakness in the county's oil industry

"There's been a lot panic buying with lines 40 cars long at gas stations and many closed in Morelia…

Christopher Woody   


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2 mins read

Confidential Tesla and SpaceX documents were leaked online after one of their suppliers was hacked

Security experts told TechCrunch that the DoppelPaymer ransomware was responsible for the hack. Dop…

Mark Matousek   


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1 min read

Mexico sent troops to fight cartels' new billion-dollar business, and some Mexicans are fighting back

Mexico's fight against "huachicol," another term for fuel theft - practitioners of which are called…

Christopher Woody   


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3 mins read

Mexico says gasoline prices to rise as much as 20.1% in January

The introduction of market-based prices will start in the northwestern states of Baja California an…

Christopher Woody,Reuters   


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3 mins read

Mexico's struggling oil sector is in 'the eye of the hurricane'

When asked if Pemex was losing money producing oil in the current environment, Melgar said that was…

Christopher Woody   


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2 mins read

Explosion and fire on the oil platform in Gulf of Mexico - 45 hurt and 300 evacuated

Pemex has suffered a number of accidents in recent years, with at least 37 people killed by a blast…

Reuters,Michael B Kelley   


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7 mins read

Mexico's raucous gas-price protests have turned a major border crossing into a flash point

Looting seen during the first week of the year largely subsided this week, but in Tijuana, which sh…

Christopher Woody   


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10 mins read

As Mexico's president defends gas price hikes, nationwide protests descend into looting and violence

"In addition to the problem of supply, there have been blockades of stores - more than 170 - and, e…

Christopher Woody   


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4 mins read

Drug cartels have been stealing huge amounts of one of Mexico's biggest revenue sources

A new batch of data given to El Daily Post by the government, however, shows that over the same per…

Christopher Woody