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Mexico light oil vanishes from markets, leaving US to plug gap

Bloomberg Pemex’s crude menu has just gotten simpler. If it’s the traditional, heavier Maya you’re after, step right up, but traders with a palate for lighter, sweeter crudes will have to look elsewhere. Isthmus exports fell almost 16 percent in November from the previous month while Pemex stopped sending Olmeca, Mexico’s light- est crude, for a third consecutive month, according ...

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N Korea says new sanctions an ‘act of war’

Bloomberg North Korea rejected tighter United Nations sanctions aimed at curbing its nuclear expansion, describing the move as an “act of war” and vowing to avenge US sympathisers who approved it. The US “must abandon its hostile policy” towards North Korea, “learn to co-exist” and “wake up from its pipe-dream of our country giving up nuclear weapons,” the Korean Central ...

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Serb president sees second term unlikely

Bloomberg Serbian President Aleksandar Vucic probably won’t seek a second term, as he intends to complete the work needed to lead his country into the European Union when his mandate ends in 2022. Vucic, who as the leader of the ruling Serbian Progressive Party is the Balkan state’s most powerful politician, said in an interview that he’d announce proposals to ...

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