oil

Two Mexican companies were blacklisted by the U.S. for evading sanctions against Venezuela

The stiff financial move is designed to cut off Maduro’s government from hard cash earned from oil sales in a campaign led by the United States aimed at ending his rule and the nation’s historic political and economic crisis

The Mayan Train chose diesel over electricity arguing the latter would be more expensive

The measure was implemented months ago, in a bid to bring stability to the oil sector 

Hokchi Energy has invested over USD $1 billion in the project

The oil fields were discovered in the Polok-1 and Chinwol-1 wells, located in Block 29 of the Salina Basin

Pemex revealed it sold Mexican oil in USD -$2.37 per barrel

The collapse of oil prices in the U.S. also affected Mexico and its oil is now priced at USD $-2.37

Trump announced his country will help Mexico to fulfill an agreement that established all countries must cut their oil output to stabilize the market

International crude oil prices suffered the biggest rout in nearly 30 years on Monday, after top producers Saudi Arabia and Russia began an oil price war