Mon, Sep 15, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil more

The Promise of Mexican Oil

Posted on 05 June 2014

The miracles of modern engineering and, specifically, fracking and deepwater drilling are rapidly changing the risk-reward assessments of petroleum investment. When OPEC members meet in Vienna next week, the organization is scheduled to offer its latest assessment of global demand and projected production. And closer to home, U.S. oil titans are aligning with Mexico’s Pemex to secure access to new crude oil.
As I reported in an earlier post, there’s good reason for Mexico’s newfound optimism and popularity. At the time, Pemex, the state-run oil monopoly and world’s fourth largest producer, had just discovered three deep-water deposits in the Gulf of Mexico, with an estimated 26.5 billion barrels of crude oil. And there’s no doubt about the high quality of that crude………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36927 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930