ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received …
Read More »Pemex dismal earnings rekindle investor jitters
Bloomberg Just as Petroleos Mexicanos’ bonds finally recovered from last year’s rout, a dismal earnings report sent them tumbling back down. Pemex said that its oil output declined 12 percent in the first quarter from a year ago, while its refineries operated at just 34 percent of capacity. In the next five days, yields on the company’s bonds maturing in …
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