Pemex Faces a Reckoning After Major Oil Spill
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Following a recent oil spill, Mexico’s state-owned oil firm Pemex has come under fire again, particularly due to its poor health and safety track record. The highly indebted oil firm has been repeatedly criticised over the years for not doing enough to improve safety standards, and the latest spill has, once again, drawn attention to its practices. During the first half of February, Pemex repaired a pipeline running from one of the oil platforms in the Cantarell field to the Dos Bocas plant, after identifying a slick of suspected oil covering…
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Financial market analysis indicating bullish sentiment based on current trends.
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