RE:RE:RE:News and it not goodlol, maybe the Legal Counselor of the Presidency has talked too early too honestly before an official announcement will be released: As we have heard last week, the Legal Counselor of the Presidency, Julio Scherer, sent a message of encouragement to the businessmen of the Mexican Business Council two weeks ago: “The government will begin with the reopening of the oil sector and then return to electricity” , he said in reference to farmouts, hydrocarbon rounds and auctions in the electricity market. According to sources from Pemex and CFE, the statement, in private, made by the Legal Adviser, sparked in the Ministry of Energy. The head of the branch, Roco Nahle, would have mounted in anger, because it ensures that "nothing moves" in the sector without her knowing and approving it. However, the announcement on March 18 is now more pressured by the collapse of oil prices this weekend, derived from the nervousness generated after the coronavirus epidemic and the disagreement of OPEC and Russia to cut the supply of crude and boost oil prices.
Pemex is still in the eye of the hurricane because of its weak financial situation and its losses of almost 350 billion pesos in 2019. Yesterday, oil prices fell about 30% and the Mexican mix, which closed on Friday at $ 40.32 per barrel , will open today below 30 dollars, which will activate the coverage agreed by the Ministry of Finance, whose projection is 49 dollars by 2020.
They are critical days for 4Q. The President must behave like a genuine statesman or we can expect the worst.
https://www.eluniversal.com.mx/opinion/mario-maldonado/no-se-puede-gobernar-sin-los-empresarios-cce-amlo?amp
(Google-translation into English)