Mexico Comfortable with 2021 Oil Hedge; Biden's Migrant Pushback in Question

LOCAL NEWS

• Deputy FinMin Yorio says Govt is comfortable with oil hedge price at 2021 level. "I can't say much because it is a market that's not very deep, and anything I say impacts the price".
  • Ministry sees oil at $55 per barrel in 2021 and $53.1 2022 and oil output to be 1.794 million b/d this year (down 1.857m vs Sept forecast) & 1.867m b/d in 2022
• Reuters report shows only 17k of the 53k immigrants caught at the US border in march were expelled, going against Biden's 25 March comments saying the "vast majority" were sent back.
  • Comes after stats showed a 71% m/m rise in migrant apprehensions at the southwest border yesterday.
  • Official says expulsions are limited by Mexico's ability to receive them, which then pushes them into US immigration proceedings
• Lower house lawmakers on the labour and finance committees to meet on Tuesday to discuss a bill that would ban a type of outsourcing.
  • Committees expected to approve the bill Tuesday morning, boosting the possibility of a LH vote on Tues afternoon
• Covid cases reach 5,140/day & 548 deaths, 17% of general hospital beds occupied, 22% of beds with ventilators occupied. No states have hospital occupancy above 50%. 10,642,873 first vaccine doses administered, 1,664,658 second doses