Scott Squires

(Bloomberg) -- Petroleos Mexicanos swung to a profit in the second quarter, a rare positive signal for the struggling state oil company as it seeks

Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas.

(Bloomberg) – Mexico's government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on U.S. natural gas.

Latin America’s two biggest oil companies are betting big on a high-risk effort to unlock a vast trove of crude from rocks that haven’t seen the light of day in 160 million years.

In search of Bonanza. By Scott Squires, Bloomberg ·

Long the poster child of fiscal probity in emerging markets, Mexico was, at its peak, an A-rated borrower in the bond market just a few years ago. Today, the country finds itself teetering on the cusp of junk status and paying interest rates that are higher than those offered by tiny neighbors with lower credit ratings, like Guatemala and Panama.

México fue durante años un referente de disciplina fiscal entre los mercados emergentes y, hasta hace poco, ostentaba una calificación “A” en el mercado de bonos. Hoy está a un paso del grado especulativo y paga tasas de interés más altas que países vecinos más pequeños y con calificaciones crediticias inferiores, como Guatemala y Panamá.

Colombia’s government moved to officially end talks with some of the nation’s armed rebel groups, effectively halting the peace process that began under former President Gustavo Petro.

Mexico’s government aims to reduce its financial support for state-owned oil company Petroleos Mexicanos’ debt payments to 81.1 billion pesos ($4.8 billion) in 2027, down by nearly 70% from the 263.5 billion pesos budgeted this year.

(Bloomberg) – President Claudia Sheinbaum's proposed 2027 budget reduces support for state-owned oil company Petroleos Mexicanos, pledging 81 billion