February 28, 2020 / 10:53 PM / a month ago

Moody's says Pemex needs higher crude, fuel prices to support cash generation

MEXICO CITY, Feb 28 (Reuters) - Moody’s Investors Service said on Friday that Mexican state oil company Pemex will need much higher crude and fuel prices to support cash generation but noted it had made “good progress” on its key objectives to stabilize production.

Reporting by Ana Isabel Martinez and Stefanie Eschenbacher; Editing by Anthony Esposito

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