Output Falling in Oil-Rich Mexico, and Politics Gets the Blame
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Pemex, Mexicoâs oil monopoly, is struggling, with falling production and reserves and no money to reverse the slide.
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JALAPA, Mexico  - Mexico's main opposition party  put in a tepid performance in elections in a state it has run  since the 1920s, hitting a bump on the long road toward its  goal of returning to power nationally in 2006.
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The North American Free Trade Agreement (Nafta) is severely affecting rural Mexico, it is claimed.
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The North American Free Trade Agreement (Nafta) is having a severe effect on rural Mexico, TVE's Earth Report programme claims.
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Oil rose on Monday, nearing $91 a  barrel, with prices supported by the closure of Mexico's oil  export terminals due to bad weather, as well as OPEC's  dismissal of calls to raise output.
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Mexican President Vicente Fox is  running out of time to deliver on a key pledge to punish  wrongdoers in a decades-old "dirty war," and the job may get  tougher as political tensions rise ahead of 2006 elections.
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Oil fell 3 percent to $61 a barrel on Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.
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Oil prices fall more than a dollar in New York, after speculation Opec might increase output.
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Mexico&#39;s economic activity, after three years of weakness, has strengthened and become more broadly based, the International Monetary Fund said on Thursday, and it urged the country to save more of its oil windfall.
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Up to 1,200 companies in Mexico  stopped production because of problems with the supply of  natural gas following a rash of pipeline explosions caused by  rebels, an industrial group said on Thursday.
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The cartel moves to cut production, which could end recent declines in petroleum prices.
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Felipe Calderon's election victory   in Mexico gives the U.S. government a much-needed conservative   ally in Latin America, where it has lost influence in recent   years as a string of leftist leaders took power.
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Mexico's state-owned oil monopoly will be fined as much as &#36;200,000 and could face criminal charges for spilling 5,000 barrels of crude into a river leading to the Gulf of Mexico, coating local beaches, a federal official said Thursday.
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ACAPULCO, Mexico  - Mexico's main opposition party  suffered a stunning defeat in a key governorship election  Sunday when it lost Guerrero state for the first time, denting  its chances of winning back the presidency.
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Oil fell more than a dollar to below $62 a barrel on Monday as healthy fuel inventories in top consumer the United States countered plans by OPEC members Nigeria and Venezuela to trim output.
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Crude oil prices have dipped in New York, sliding as much as two dollars to around $50 a barrel. That&#39;s extending declines seen last week despite concerns that a planned strike in Nigeria could affect output.
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Top oil-producing countries have blamed the advance of crude prices toward $100 a barrel on financial speculation, geopolitical instability and a shortfall in refining capacity.