Author Topic: Hedging oil production via the futures market  (Read 334 times)

bwall

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Hedging oil production via the futures market
« on: April 22, 2020, 01:57:26 PM »
Here's an interesting article on how Mexico locked in a much higher oil price earlier. It states that Mexico is one of the largest sellers in the market, which means that larger participants (Russia, Saudi, Kuwait, etc) are not participating in this market.

https://finance.yahoo.com/news/6-billion-windfall-mexicos-massive-152046331.html

I'm glad that the low oil prices won't blow a hole in their budget.