Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Mexico presidential candidate Sheinbaum vows to boost state energy sector

Published 03/18/2024, 03:46 PM
Updated 03/18/2024, 03:51 PM
© Reuters. Presidential candidate of the ruling Morena party Claudia Sheinbaum presents her energy plan at the Monumento a la Revolucion, in Mexico City, Mexico, March 18, 2024. REUTERS/Paola Garcia

MEXICO CITY (Reuters) - Mexican presidential candidate Claudia Sheinbaum on Monday vowed to keep boosting the activity of the country's state-owned energy companies if she wins the upcoming election, while also pledging to accelerate the transition to renewable energies.

Crude oil production should be at 1.8 mln barrels per day and refineries should work more efficiently to help wean the country off expensive gasoline and diesel imports, Sheinbaum said without giving a timeframe.

Latest comments

Don’t listen or pay any attention to what corrutpuppet politicians say all over the world. Wake up! Wake up!
If Mexico wants to ruin its economy by transitioning to renewable energies like other Western countries have done, then have at it!
By using fossil fuels instead of renewable energy. The Dos Bocas refinery is as obsolete as the Mexican government itself. Mexico needs a change in the next presidential elections.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.