Mexico spent $1.25 billion on an oil hedge to lock in oil
prices for 2018, according to new data released by the nation’s
finance ministry. On average, Mexico has spent $1 billion in
previous years to maintain its oil hedge, which prevents the
government from losing billions in oil revenues if barrel prices
take a dive. After the past three years of crisis-level oil prices,
the technique has inspired other countries, notably Iraq, to
consider creating a substantial hedge of their own, which would
dramatically affect budget writing on the…
prices for 2018, according to new data released by the nation’s
finance ministry. On average, Mexico has spent $1 billion in
previous years to maintain its oil hedge, which prevents the
government from losing billions in oil revenues if barrel prices
take a dive. After the past three years of crisis-level oil prices,
the technique has inspired other countries, notably Iraq, to
consider creating a substantial hedge of their own, which would
dramatically affect budget writing on the…
Mexico spent $1.25 billion on an oil hedge to lock in oil
prices for 2018, according to new data released by the nation’s
finance ministry. On average, Mexico has spent $1 billion in
previous years to maintain its oil hedge, which prevents the
government from losing billions in oil revenues if barrel prices
take a dive. After the past three years of crisis-level oil prices,
the technique has inspired other countries, notably Iraq, to
consider creating a substantial hedge of their own, which would
dramatically affect budget writing on the…
prices for 2018, according to new data released by the nation’s
finance ministry. On average, Mexico has spent $1 billion in
previous years to maintain its oil hedge, which prevents the
government from losing billions in oil revenues if barrel prices
take a dive. After the past three years of crisis-level oil prices,
the technique has inspired other countries, notably Iraq, to
consider creating a substantial hedge of their own, which would
dramatically affect budget writing on the…