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Energy and Power

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Mexico safeguards its economy against price crash

Published On 08 Jan 2020 04:49 AM


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Mexico a part of Latin America. It is also its second largest economy. The country has opted for hedging its oil in an attempt to make safeguard the economy against oil price crashes. The oil hedging program is one of its kind, largest oil deal. It is the world’s largest financial deal in crude oil.

The country finalized its oil hedging deal for 2020. Per barrel was hedged at $49 as per the Finance ministry announcement. This d....


Tags : Mexico, Latin America, oil hedging, crude oil,
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