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The Latest Breaking News from Pemex

Mexico's 2027 Budget: Where the Money Really Goes — and What It Means for Your Wallet

Mexico's 2027 budget targets a 3.9% deficit and more infrastructure spending, but the real 2025 shortfall ran higher than officials reported.

Latin Times

'Star Trek: Strange New Worlds' Just Changed How The Dinosaurs Went Extinct — But What Really Happened?

Let's go back to the distant past... of 1980.

Inverse

Mexico relies heavily on Texas natural gas. The Trump administration could imperil that relationship.

Despite efforts to boost domestic energy production, Mexico will continue to depend on Texas for natural gas, experts said, undermining its stated goals of energy independence.

The Texas Tribune

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Learning from the right SWFs

What's not to love about a sovereign wealth fund? Gulf states' SWFs, which control roughly $6 trillion in assets, are no longer mere investment vehicles. They have become tools of statecraft, transforming kingdoms and emirates into power brokers and benefactors. Alongside splashy spending on sports and luxury retail -- Saudi…

Bangkok Post

Carlos Slim: 'Pemex crisis is Mexico's main problem'

The richest man in Mexico, Carlos Slim, says the crisis at state oil firm Pemex is the country's main problem, with plunging output, weak investment and debts of about $85bn.

Euronews

Texas refineries see opportunity in Venezuelan oil amid Mexico export declines

As President Donald Trump seeks to boost U.S. investment in Venezuela’s oil fields, Mexico is poised to export less heavy crude to Gulf refineries, creating an opening for Venezuelan oil.

The Texas Tribune

Trump Claims 'Cuba Will Be Failing Pretty Soon' As Economic Crisis Deepens Further

President Donald Trump said "Cuba will be failing pretty soon" as a result of its continued economic collapse, exacerbated by the U.S.'s influence over Venezuela following the capture of Nicolas Maduro.

Latin Times

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Mexican President Sheinbaum Says Halting Of Oil Shipments To Cuba Is 'Sovereign' Decision And Not Driven by U.S. Pressure

President Claudia Sheinbaum rejected claims that the halting of oil shipments to Cuba was prompted by pressure from Washington, framing the decision as a sovereign policy choice shaped by state oil company Pemex's contractual considerations.

Latin Times

Republican Rep. Celebrates Mexico Stopping An Oil Shipment To Cuba: 'Clear Sign The End Of The Regime Is Getting Close'

Republican Rep. Maria Elvira Salazar celebrated the stopping of an oil shipment to Cuba as the Trump administration continues to push for regime change in Havana.

Latin Times

Mexico's State-Run Oil Company Reportedly Stops Shipment To Cuba Amid Pressure From Trump Admin

Mexico's state-run oil company Pemex stopped a shipment to Cuba scheduled from this month amid pressure from the Trump administration, which is reportedly seeking to achieve regime change in the island.

Latin Times

Venezuela’s oil industry has flailed under government control – Mexico and Brazil have had more success with nationalizing

U.S. President Donald Trump has ignited a contentious debate over who has the right to control Venezuela’s vast oil reserves.

The Conversation

Mexico becomes crucial fuel supplier to Cuba but pledges no extra shipments after Maduro toppled

Mexico has emerged as a key fuel supplier to Havana as the United States prepares to seize control of Venezuelan oil and the administration of U.S. President Donald Trump hardens its stance toward Cuba

The Independent UK

U.S. Says Top Cartel Leader Still Running Operations From High-Security Mexican Prison

Before his 2020 arrest, El Marro, leader of the Santa Rosa de Lima Cartel, was one of Mexico's most wanted criminals for large-scale fuel theft, or huachicoleo, and for trafficking fuel, oil, and heroin into the United States.

Latin Times

Trump Admin Sanctions Yet Another Cartel And Its Leader, Now For Oil Theft

The Trump administration on Wednesday imposed sanctions on the "Cartel de Santa Rosa de Lima" (CSRL) after determining that the criminal organization was stealing fuel and crude oil from Mexico's state-owned oil company Pemex.

Latin Times

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International Business Times UK

Miss Universe Controversy: Fatima Bosch's Miss Mexico Triumph Rumoured To Be 'Also Rigged'

A viral TikTok claims Miss Mexico Fatima Bosch's Miss Universe win was influenced by business and political ties, sparking debate over pageant fairness.

International Business Times UK

Miss Universe 2025 Scandal: Raul Rocha Reportedly Won £30.7M Deal Under Fatima Bosch's Father in 2023

Miss Universe 2025 scandal: Reports link a 745m peso Pemex contract for owner Raúl Rocha to winner Fátima Bosch's father.

International Business Times UK

Miss Universe 2025 'Rigged' Claims Explode as New MUO Owner Raúl Rocha's Link to Fatima Bosch Is Exposed

Ex-Miss Universe judge Omar Harfouch alleges pageant president Raúl Rocha has business links with winner Fatima Bosch's father, claiming results were predetermined through corporate interests.

The Independent UK

Pemex pipeline spill contaminates Mexican river after torrential rains

Mexico’s state-run oil company, Pemex, reports that recent torrential rains have caused a pipeline spill along the Pantepec River

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The Independent UK

Death toll from torrential rains in Mexico rises to 64 as search continues for missing

Helicopters ferry food and water to nearly 200 communities that remain cut off by ground

Latin Times

Two Mexican Businessmen Charged in U.S. Bribery Case Tied to Mexican State Oil Firm Pemex

The U.S. Attorney's Office for the Southern District of Texas unsealed on Monday an indictment charging two Mexican businessmen with allegedly paying bribes to secure lucrative contracts with Petróleos Mexicanos

Benzinga

China Mine Halt Defibrillates Lithium Market

The lithium market surged on Monday, following the news that China’s Contemporary Amperex Technology Co. Ltd. (CATL) halted operations at one of the world’s largest lithium mines in Jiangxi province. Prices on the Shanghai Metals Exchange rallied as high as $10,800 per ton, erasing the entire year’s slump that saw…

Latin Times

Clandestine Cartel Oil Refinery Raided by Mexican Authorities

The refinery fits a pattern long associated with fuel theft and money laundering by criminal groups in Mexico, especially the Jalisco New Generation Cartel (CJNG).

Latin Times

Mexican Cartels Smuggle Dangerous Bootleg Gasoline into the U.S.

The oil thieves, known as "huachicoleros," steal the oil from the state-owned company, Pemex.

Top News

Mexico's Debt Outlook Downgraded By Moody's To Negative

Moody's downgrades Mexico's debt outlook to 'negative' citing concerns over judiciary reforms and increased government debt.

Latin Times

Chemical Disaster at Texas Oil Plant Leaves Two People Dead and Dozens More Injured

Researchers from nonprofit Coalition to Prevent Chemical Disasters say there have been 115 hazardous chemical incidents in Texas since January 2021

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