Mexico Shifts Oil Hedging Formula To New Export Realities

Ryan Dusek, Director in Opportune's Commodity Risk Advisory Group, was quoted in Reuters offering commentary on Mexican national oil company Pemex's recently updated crude oil formulas and how it will impact the country's hedging strategies going forward. 

“The new formula will be much easIer to hedge as there’s much more liquidity and transparency. Maya crude hedge risk has been simplified into WTI-Brent spread, which has been minimal and continues to contract." 


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