Singapore Markets closed

Mexico's new president throws down gauntlet to oil majors

By Frank Jack Daniel and David Alire Garcia
Mexico's new president throws down gauntlet to oil majors

Mexico's new president, Andres Manuel Lopez Obrador, said on Wednesday he would not cancel contracts issued to foreign and national oil companies by his predecessor but challenged them to pump oil quickly or no further oil fields would be offered. Lopez Obrador took office on Saturday, promising