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Crackdown On Opposition To State-Owned Oil Company Intensifies

MEXICO
  • U.S. fuel shipments to Mexico by rail have been crimped after key distribution hubs lost government permission to operate as a crackdown on rivals to the state-owned oil company intensified. (Bloomberg)
    • The backlog forced Kansas City Southern, which operates 2,500 miles (4,000 kilometers) of rail across 15 Mexican states, to ask U.S. customers to temporarily "pause" deliveries to its terminals. The railroad cited supply gluts at its facilities caused by an "increased level of scrutiny" from Mexican authorities, according to a notice seen by Bloomberg.

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