Sunday, August 23, 2026

Oil up near two-year highs, analysts see more U.S. crude exports

From Reuters Oil prices settled higher again on Tuesday, notching a monthly gain of more than 5 percent, but analysts said bullish sentiment that has driven Brent crude to its highest in more than two years could encourage U.S. producers to export more oil. A view shows Mellitah oil and gas plant near Zuwarah, Libya, October 10, 2017. Picture taken

Mexico spent about $1.26 billion on 2018 oil hedges

From Reuters Mexico spent some 24.1 billion pesos ($1.26 billion) on contracts to hedge its 2018 oil exports, Finance Ministry Chief Economist Luis Madrazo said on Tuesday, part of government’s efforts to stabilize its budget. Madrazo did not specify the number of barrels of export production that Mexico had hedged with derivatives contracts nor did he detail the average price

Russia Mulls Smaller Taxes on Energy JVs with Foreigners: Medvedev

From Reuters MOSCOW – Russia’s government is considering reducing tax burden on Russian joint ventures with foreign companies in the energy sector, the RIA news agency quoted Russian Prime Minister Dmitry Medvedev as saying on Monday. Russia is ready to cut the mineral extraction tax (MET) for joint ventures of energy giant Gazprom with foreign companies, the Kommersant business daily