Tuesday , 20 January 2026

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Mexico oil reserves dwindle without new discoveries

  Bloomberg Mexico’s existing oil reserves are dwindling so fast the country could go dry within nine years without new discoveries. That’s the message from the National Hydrocarbons Commission, which said that the reserves fell 10.6 percent to 9.16 billion barrels in 2016, from 10.24 billion barrels a year earlier. Once the world’s third largest crude producer, Mexico’s proven reserves …

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Oil caps biggest weekly gain in 2017 as OPEC eyes deal extension

  Bloomberg Oil capped its biggest weekly increase this year amid speculation OPEC will extend its deal to curb output and ease a global glut. Futures advanced 5.5 percent in New York this week, climbing back above $50 a barrel after Kuwait Oil Minister Issam Almarzooq reiterated support for prolonging a six-month deal to trim supply past June. The market …

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Sunrun seeks $200 million in debt for rooftop solar

  Bloomberg Sunrun Inc., the largest US independent residential solar company, is seeking about $200 million in project-finance debt to build more rooftop power systems, according to people familiar with the deal. ING Groep NV and SunTrust Banks Inc. are helping arrange the non-recourse debt for San Francisco-based Sunrun, according to the people, who asked not to be identified because …

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