ULSD coming soon?

More recent news about Pemex. I saw headlines on the local papers today and looked online to try to find more of what it is about. This is all bigger numbers than I can fathom or figure out what it means. But it would not seem the price at the pump is going to go down in the foreseeable future. Maybe others can read some of this and maybe find more articles to figure out what it means. Not everything in these articles show the same numbers - variations in each article. At least one article says Mayan crude has sold for as low as $20US a barrel recently. One article says there are now 30 contracts in Mexico with foreign oil companies. One article says Pemex now accounts for about 25% of the federal budget. What it all means to us as travelers is beyond me.


Pemex Cuts Spending to Shore Up Finances
The oil company will cut $5.5 billion from its budget in reaction to the drop in global oil prices

http://www.wsj.com/articles/mexicos-pemex-moves-to-shore-up-its-budget-1456765294


Pemex warns of liquidity crunch as net losses almost double

http://www.ft.com/cms/s/0/188ec404-dee8-11e5-b7fd-0dfe89910bd6.html


Mexico's Pemex delays investments as losses deepen
Mexico's struggling state-run energy firm Pemex on Monday unveiled plans to postpone US$3.6 billion in investments to cut costs as its annual losses nearly doubled and crude production dipped further.

http://www.channelnewsasia.com/news/business/mexico-s-pemex-delays/2560628.html


$32 Billion Loss Forces Pemex To Downgrade Offshore Ambitions

http://oilprice.com/Energy/Energy-General/32-Billion-Loss-Forces-Pemex-To-Downgrade-Offshore-Ambitions.html


Pemex's balance sheet calls out for investors in oil, gas and power sectors

http://www.oilvoice.com/n/Pemexs-balance-sheet-calls-out-for-investors-in-oil-gas-and-power-sectors/1ab0f442c212.aspx