Life with Amlo
Mexico's upstream has boomed in recent years, and a bullish new president wants to drive growth
Mexico's presidential election this July saw leftist candidate Andrés Manuel López Obrador, popularly known as Amlo, sweep to victory. While long expected, his decisive winning margin has given the oil industry pause as it digests the implications for Mexico's five-year-old Energy Reform program. That market-friendly program is widely judged to have been a success from upstream to retail. The industry is now waiting to see whether Amlo will put on the brakes or let it take its course as his vow to raise oil output by 600,000 barrels a day within two years suggest he might. Analysts and oil industry officials believe that the months until the new president's inauguration on 1 December will cl
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
