Pemex Faces $13.9 Billion Loss as Leadership Changes Loom

Petróleos Mexicanos, commonly known as Pemex, reported a steep $13.9 billion loss this second quarter of 2024. This downturn comes as President Andrés Manuel López Obrador’s term approaches its end. The state-run oil giant prepares for a leadership change, making this its last report under the current administration. Just a year ago, under Octavio Romero […]