Pemex showing signs of life
Austerity and higher prices have helped put the state firm back in the black. Deeper reforms are still needed
"When the president honoured me with heading Pemex a year ago, he gave me two instructions," José Antonio González Anaya, the Mexican national oil company's chief executive, explained earlier this month. "One was to get Pemex's finances in order. The second one was to harvest the historic opportunity of accelerating the energy reform." It's fair to say that González didn't fully grasp the scale of the job. "At that time, I didn't quite understand exactly all the work that we needed to do to get these two challenges done." How is he doing a year later? It has been far from smooth sailing for González and Pemex, but they've notched up some hits. Whipping Pemex's shabby finances into shape was
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
