MNI BRIEF: Fed Rates Need To Stay Restrictive - Daly

MNI BRIEF: Big Disinflation Risk From China -ECB's Cipollone

MNI BRIEF: EU's Dombrovskis- Escape Clause Details In Weeks

MNI China Daily Summary: Tuesday, February 18

MNI BRIEF: NDRC To Support Private Sector

MNI: PBOC Net Drains CNY484.1 Bln via OMO Tuesday

MNI: US NAHB HOUSING MARKET INDEX 42 IN FEB

CANADA JAN CPI +1.9% YOY VS PRIOR +1.8% ON Mortgages and GAS

MNI: CANADA JAN CPI INFLATION +0.1% M/M, +1.9% YY

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AMERICAS OIL: Mexican Energy Market to Be Reshaped and Limit Private Sector

AMERICAS OIL
Energy BulletsNorth AmericaMexicoBulletCommodities

Mexico’s President Claudia Sheinbaum aims to reshape the country’s energy markets by prioritising state control over the sector and reducing the role played by private companies, OPIS said.

  • Sheinbaum and her ruling Morena party approved sweeping changes to Mexico’s electricity and hydrocarbon industries in October by reclassifying state-owned enterprises Pemex and CFE from productive to public companies.
  • This marks a partial reversal of energy reform implemented in 2013 to foster greater public-private partnership.
  • It appears that the new changes mean Pemex will be given preference over private operators.
  • Bernardo Cortés, a partner with the Cortes and Quesada law firm, said he believes Sheinbaum’s energy reform will result in substantial changes to current energy sector rules. It will likely reduce investment opportunities compared to the 2013 reform.
  • Most sources told OPIS that the new reforms have provided the benefit of clarity for operating within the Mexican market, although the judicial and energy reforms have also sparked uncertainty for investors.
  • New reforms to the legal system requiring judges to be elected will also make litigation by private companies against the government unlikely to succeed.
176 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Mexico’s President Claudia Sheinbaum aims to reshape the country’s energy markets by prioritising state control over the sector and reducing the role played by private companies, OPIS said.

  • Sheinbaum and her ruling Morena party approved sweeping changes to Mexico’s electricity and hydrocarbon industries in October by reclassifying state-owned enterprises Pemex and CFE from productive to public companies.
  • This marks a partial reversal of energy reform implemented in 2013 to foster greater public-private partnership.
  • It appears that the new changes mean Pemex will be given preference over private operators.
  • Bernardo Cortés, a partner with the Cortes and Quesada law firm, said he believes Sheinbaum’s energy reform will result in substantial changes to current energy sector rules. It will likely reduce investment opportunities compared to the 2013 reform.
  • Most sources told OPIS that the new reforms have provided the benefit of clarity for operating within the Mexican market, although the judicial and energy reforms have also sparked uncertainty for investors.
  • New reforms to the legal system requiring judges to be elected will also make litigation by private companies against the government unlikely to succeed.