Mexico

Retail Fuel Deregulation in Mexico Leads to Early Stage Investment by BP

March 30, 2017 Comments Off on Retail Fuel Deregulation in Mexico Leads to Early Stage Investment by BP
On March 10, 2017, Mexico announced the opening of the first internationally branded retail fuel station in well over 50 years. Prior to 2017, retail fuel sales in Mexico were monopolized by state-owned PEMEX. British oil company BP’s pioneer fuel station is situated north of Mexico City in Satélite. The company plans to “invest in the growing Mexican retail fuel and convenience Read More

The Impact of Mexico’s Energy Reforms on Shipping Costs

January 9, 2017 Comments Off on The Impact of Mexico’s Energy Reforms on Shipping Costs
For those who utilize Mexico cross-border shipping, a big change is coming this year that could introduce new elements of risk in the form of cost variability. Recent energy reform in Mexico is essentially ending state oil company Pemex’s 75-year monopoly over the entire supply chain – from crude oil to retail fuel sales. This Read More