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David Alire Garcia

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's Pemex quietly pursues deepwater project amid pressure for tie-ups

Jul 03 2019

MEXICO CITY, July 3 Mexican state oil company Pemex is pursuing a risky Gulf of Mexico deepwater project despite vowing as recently as two weeks ago it would focus its limited resources elsewhere, according to a filing with the country's oil regulator.

Mexican president thanks Trump for tariff comments as peso strengthens

Jul 02 2019

MEXICO CITY Mexican President Andres Manuel Lopez Obrador on Tuesday thanked U.S. President Donald Trump for recognizing Mexico's efforts to stem immigration flows and for saying trade tariffs were currently off the table, in comments that strengthened the peso.

Exclusive: Pemex study details 'severe' air quality impact from Mexican refinery

Jun 27 2019

MEXICO CITY A flagship refinery planned by Mexican President Andres Manuel Lopez Obrador would have a "severe" impact on air quality and emissions could spread to nearby towns, according to an environmental study produced by state oil company Pemex and reviewed by Reuters.

EXCLUSIVE-Pemex study details 'severe' air quality impact from Mexican refinery

Jun 27 2019

MEXICO CITY, June 27 A flagship refinery planned by Mexican President Andres Manuel Lopez Obrador would have a "severe" impact on air quality and emissions could spread to nearby towns, according to an environmental study produced by state oil company Pemex and reviewed by Reuters.

Mexico's Pemex says new refinery environmentally viable despite risks

Jun 19 2019

MEXICO CITY Mexican President Andres Manuel Lopez Obrador's push to build a new oil refinery involves high risks of flooding and other environmental issues, according to government documents published late on Tuesday, but is described as otherwise viable.

Trump trade blows fail to slow Mexican demand for U.S. wheat

Jun 13 2019

MEXICO CITY Mexican bread and flour tortilla makers will likely use significantly more wheat sourced from the United States this year despite growing unease with President Donald Trump, according to Mexico's main wheat chamber.

Mexico holds off Trump's fire but seen vulnerable to new pressure

Jun 09 2019

MEXICO CITY Mexico avoided the most extreme immigration concession sought by U.S. President Donald Trump in the deal reached to fend off threatened tariffs, but it is left even weaker than before in the face of potential new pressure from Trump as he formally kicks off his re-election campaign this month. | Video

Ex-U.S. ambassadors to Mexico push Trump to 'delink' trade, migration

Jun 05 2019

MEXICO CITY A group of former U.S. ambassadors to Mexico representing both Republican and Democratic presidents have banded together to urge President Donald Trump to treat trade and migration as separate issues, the diplomats wrote in an article.

Target Trump's base if trade spat worsens, Mexican farm lobby says

May 31 2019

MEXICO CITY The Mexican government should target agricultural goods produced in states that have voted for U.S. President Donald Trump's Republican Party if the trade conflict between the two neighbours worsens, the head of Mexico's main farm lobby said on Friday.

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