Tag: debt
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Crude oil prices rise with the support of the “debt deal”… and Brent exceeds $77
Crude oil prices rose today, Monday, May 29, 2023, after US President Joe Biden and House Speaker Kevin McCarthy reached a preliminary agreement on the debt ceiling in the United States, which would protect the country with the largest economy in the world and the largest consumer. oil globally, from faltering. Although benchmark Brent crude…
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Mexican Pemex is preparing to get out of the debt crisis in 2023
The debts of the Mexican oil company “Pemex” constitute a heavy burden after the Ministry of Finance stopped paying them, since the second half of (2022), but this year may witness a breakthrough, in light of its benefit from the gains in oil prices. The company is studying the available options for how to pay,…
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US ConocoPhillips is trying to recover its debt to Venezuela with an oil sale deal
The US company ConocoPhillips is seeking to settle the Venezuelan oil sale agreement in its favor, in an attempt to recover its dues from the South American country. The agreement, if completed, allows the American company to take over the task of transporting Venezuelan crude and selling it in the United States, according to what…
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Mexico’s Pemex offers a new solution to pay off $10 billion in debt
The Mexican oil company Pemex is seeking solutions to pay off its $105 billion financial debt, in an attempt to take advantage of high oil prices to make profits, after the government withdrew its support. The company is looking for funds to make approximately $10 billion in bond payments in the current year (2023), an…
