Pemex Posts Third Straight Loss Despite War-Fueled Oil Rally
Petroleos Mexicanos posted its third straight quarterly loss as surging global oil prices failed to boost the debt-laden oil giant’s finances amid slumping production and refineries that are bleeding cash.
By Scott Squires · Bloomberg Markets
Petroleos Mexicanos posted its third straight quarterly loss as surging global oil prices failed to boost the debt-laden oil giant’s finances amid slumping production and refineries that are bleeding cash.