Bloomberg Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the rescue plan for the oil industry that will consist of producing more crude oil soon, and we will need these companies that have experience, most of them national companies,” President-elect Andres Manuel Lopez Obrador said. “We are …

Bloomberg The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for delivery five or more years in the future is due to the growth of tight oil fields and the shift in producers’ need to hedge oil so far out in the future, according …

Bloomberg Canon Inc. is finally entering the full-frame mirrorless camera market, joining Sony Corp. and Nikon Corp. in a new battleground for professional-grade camera equipment. The Japanese electronics giant will begin selling in late October the EOS R for 237,500 yen ($2,130), a price tag targeted at professionals and enthusiasts. It aims to move 20,000 units a month. Canon is …