United States

Adriana Barrera

Mexico's Pemex spills more red ink as threat of downgrade looms

Jul 26 2019

MEXICO CITY Mexico's state oil company Pemex posted another quarter of major losses on Friday, weighed down by falling output and lower crude prices, as the heavily indebted firm faces the prospect of a fresh downgrade from credit agencies critical of its direction.

Mexico unveils Pemex business plan, but banks underwhelmed

Jul 16 2019

MEXICO CITY Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to dispel worries of a ratings downgrade.

Guatemala ex-first lady faces battle for presidency after first round win

Jun 17 2019

GUATEMALA CITY Former first lady Sandra Torres won a clear victory in the first round of Guatemala's presidential election, results showed on Monday, but the center-left candidate faces a tough test to see off her nearest conservative rival in a direct runoff in August.

Former first lady Torres takes lead in Guatemala election

Jun 17 2019

GUATEMALA CITY Center-left candidate Sandra Torres took an early lead in Guatemala's presidential election on Sunday but was well short of an outright majority and will likely face a major test from a conservative challenger in a run-off.

Drug cartels' ties to politics in spotlight as Guatemala votes

Jun 14 2019

NUEVA CONCEPCION, Guatemala The mayor of Nueva Concepcion, a town on the Pacific coast of Guatemala, stands accused by prosecutors of drug trafficking and money laundering for Mexican cartels that use the coastal route to transport cocaine to the United States.

Exclusive: Mexico to cancel October auctions for Pemex joint ventures - sources

Jun 13 2019

MEXICO CITY Mexico's oil regulator plans to announce the cancellation of auctions scheduled for October to pick joint venture partners for state-run energy company Pemex in seven onshore areas, two sources close to the decision told Reuters on Thursday.

Mexico to cut Pemex tax bill, banks to refinance debt to ease woes

May 13 2019

MEXICO CITY The Mexican government on Monday announced measures to ease state oil firm Pemex's debt woes, including $2.5 billion in debt refinancing plus the renewal of credit lines with three banks and a gradual tax cut.

Mexico eyes fresh U.S. targets for tariffs to pressure Trump over steel

Mar 01 2019

MEXICO CITY Mexico's government on Friday threatened to slap duties on new U.S. products in retaliation for the Trump administration's steel and aluminum tariffs as it seeks to turn up pressure on Washington to exempt it from the measures.

Wild cats, boas are obstacles in Mexican president's refinery race

Feb 22 2019

PARAISO, Mexico Mexican President Andres Manuel Lopez Obrador's race to build an oil refinery in record time on land that was until recently alive with mangrove, wild cats and boa constrictors, has run into trouble, complicating his effort to revive ailing state-oil company Pemex. | Video

Death toll from Mexico pipeline blast reaches 91, Pemex defends response

Jan 21 2019

MEXICO CITY The death toll from a fuel pipeline explosion in central Mexico last week rose to 91 on Monday as Petroleos Mexicanos (Pemex) defended its response to one of the deadliest incidents to hit the state-run oil company in years.

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