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Mexican minister says 2013 oil exports hedged near $84.90

Posted on 11 December 2012

Mexico’s Finance Minister Luis Videgaray said on Monday that the country has hedged 2013 crude oil exports at a price around $84.90 per barrel.
“The hedges that protect the price of oil have already been set … in line with the proposals in the revenue law which cover exports in case we have a fall in the price of oil,” Videgaray said in remarks to Mexico’s lower house of Congress. The country’s 2013 budget proposes a per barrel price of oil for export at $84.90 per barrel………………………………………..Full Article: Source


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