Pemex Slashes Debt to 11-Year Low as Mexico Eyes Oil Turnaround
Mexico’s Petroleos Mexicanos reduced its debt to the lowest level in 11 years, a hopeful sign for the struggling state-owned oil company as it seeks to reverse a decades-long production...
By Scott Squires · Bloomberg Markets
Mexico’s Petroleos Mexicanos reduced its debt to the lowest level in 11 years, a hopeful sign for the struggling state-owned oil company as it seeks to reverse a decades-long production decline and revive its money-losing refining business.