(Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Heard on the street and LatAmNRG briefs on Mexican petroleum sector backs AMLO actions against fuel theft; gasoline shortages yet to affect Mexican exports; Bank of America-Merrill Lynch, Rules out rise in inflation amid fuel shortage in Mexico; and Ferromex says its ready to transport fuel.
Mexican Petroleum Sector Backs AMLO Actions Against Fuel Theft
(Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — The Mexican petroleum sector supports the strategy of the government of Mexico’s President Andrés Manuel López Obrador to combat fuel theft.
The business sector also expressed its willingness in increasing investments in the energy sector to generate employment opportunities across Mexico, reported online media La Jornada.
***
Gasoline Shortage Yet To Affect Mexican Exports
(Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Mexican exports to the U.S., such as those related to automotive and agricultural sectors, including those related to avocados, have yet to be affected by gasoline shortages in Mexico since the former are transported by train and the latter in large trucks based on diesel, reported online media La Jornada, citing Mexican Foreign Trade Council (Comce) Director Fernando Ruiz Huarte.
Although 60% of Mexico’s exports are transported using trucks, the Comce official assured that the council has not received any types of reports from its associates about their exports being affected by the fuel issue.
***
BAML Rules Out Rise In Inflation Amid Fuel Shortage In Mexico
(Energy Analytics Institute, Jared Yamin, 16.Jan.2019) — Bank of America-Merrill Lynch downplayed speculation that the shortage of gasoline in Mexico would lead to higher inflation and impact the economy, reported online media La Jornada.
***
Ferromex Says Ready To Transport Fuel
(Energy Analytics Institute, Jared Yamin, 15.Jan.2019) — Ferromex assured “it is ready to meet the needs of transporting large volumes of fuel efficiently and safely” across Mexico. The company also promised to “support the strategy of the federal government with all its possible resources,” reported online media La Jornada.
***
© Energy Analytics Institute (EAI)
