Mexico turns back the clock on oil reforms, closes down foreign investment

May 24, 2022
The changes mean that Mexico can't drill for as much oil, just as the world is seeking alternate sources to Russian oil because of the war in Ukraine.
Aerial view of the Mexican oil company PEMEX oil complex in Azcapotzalco, on the outskirts of Mexico City.
PEDRO PARDO/AFP via Getty Images

Mexico's energy reform and Pemex both face challenges

Feb 23, 2017
Foreign companies have been invited into the energy market, but problems with Pemex deter investment.
A Pemex gas station in front of Pemex headquarters in Mexico City. The state-owned agency is dealing with several challenges as it participates in Mexico's deregulated energy market.
Lorne Matalon

Mexicans guard oil wealth jealously

Oct 14, 2013
International experts view Mexico's oil industry as inefficient and in need of help.

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.