Mexican play still a guessing game
Mexico’s energy sector and IOCs are waiting to see if the new president follows through with his anti-reform election rhetoric
On 1 December, Andrés Manuel López Obrador will take office for a six-year term as president of Mexico. After a protracted but one-sided campaign, he won a decisive victory in the 1 July polls at the head of the Morena party, which he founded, taking 53% of the vote. It's the culmination of a lifetime spent seeking Mexico's most senior office. He previously contested the presidency in 2006 and 2012. López Obrador's credentials are those of a nationalist, leftist outsider. He's also a dogged opponent of the two parties which have ruled since the return to democracy in 2000, the Institutional Revolutionary Party (known by its Spanish acronym of PRI) and the pro-business National Action Party o

Also in this section
5 March 2025
The oil alliance’s decision to keep to the plan amid tightening economic fundamentals seems to have been lost in the global geopolitical maelstrom, misplaced market speculation and haze of conjecture
5 March 2025
Petronas is making huge efforts to arrest falling oil production and accelerate gas increases to meet rising demand, but political tensions persist
5 March 2025
Plans to boost capacity have seen little progress as the country lags behind other major oil consumers and importers
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors