Tag: Mexican export crude-oil blend

• Friday, February 20th 2015 - 07:28 UTC

  Pemex cuts budget and postpones big projects due to sharp drop in oil prices

  

  State-owned oil giant Petroleos Mexicanos, or Pemex, said its board approved budget cuts totaling 62 billion pesos (4.15 billion) and the postponement of some big projects in light of the sharp drop in oil prices.