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AMLO Dubs New Refinery a "Dream Come True"

MEXICO
  • Domestic auto sales across Mexico rose 1.9% on a year-on-year basis, but dropped 0.9% on the month. Concurrently, the May index of leading indicators has fallen 0.23, after the April figure was also revised lower to -0.20 from -0.14.
  • Late on Friday, AMLO announced that the new Gulf coast oil refinery in Dos Bocas, the Olmeca refinery, is “a dream come true” and puts estimated output from the site on a par with Shell’s Deer Park refinery near Houston, Texas (of which, Mexico own 50%).
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  • Domestic auto sales across Mexico rose 1.9% on a year-on-year basis, but dropped 0.9% on the month. Concurrently, the May index of leading indicators has fallen 0.23, after the April figure was also revised lower to -0.20 from -0.14.
  • Late on Friday, AMLO announced that the new Gulf coast oil refinery in Dos Bocas, the Olmeca refinery, is “a dream come true” and puts estimated output from the site on a par with Shell’s Deer Park refinery near Houston, Texas (of which, Mexico own 50%).