September 18, 2019 / 3:36 PM / a month ago

Mexico says no need to modify oil price in budget after Saudi Arabia attacks

FILE PHOTO: Mexico's Energy Minister Rocio Nahle speaks during a news conference by Mexico's President Andres Manuel Lopez Obrador at the National Palace in Mexico City, Mexico April 15, 2019. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - Mexico’s Energy Minister Rocio Nahle said on Wednesday the government does not need to modify the oil price forecast in its 2020 budget proposal following recent attacks on Saudi Arabian oil facilities.

“This is temporary, not permanent,” Nahle told reporters, when asked about Mexico’s response to strikes on the world’s biggest crude processing facility that initially knocked out half of Saudi production.

Reporting by Adriana Barrera; Writing by Daina Beth Solomon; Editing by Anthony Esposito

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