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Tag: crude oil

RIO DE JANEIRO, BRAZIL - Mexico’s state oil company Petroleos Mexicanos (Pemex) reported on Friday, February 26th, a fourth-quarter 2020 net profit of 124.28 billion pesos (US$6.23 billion), helped by currency appreciation, lower imports and tax benefits. It marked a...
RIO DE JANEIRO, BRAZIL - Colombia’s majority state-run oil company, Ecopetrol, on Tuesday reported its 2020 net profit fell 87.3% to 1.69 trillion pesos (US$470.1 million) versus the previous year. The company’s fourth-quarter net profit fell to 675 billion pesos,...
RIO DE JANEIRO, BRAZIL - (Reuters) Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would push prices to multi-year...
RIO DE JANEIRO, BRAZIL - (Reuters) A China-led economic recovery should boost demand for these commodities in 2021 after COVID-19 roiled global markets in 2020. COPPER/ALUMINUM Iron ore and steel outperformed in 2020 thanks to booming Chinese construction and manufacturing demand,...
By Karen Shishiptorova, Contributing Reporter RIO DE JANEIRO – Last week, on his last stop during a visit to South America – which included Columbia and Uruguay – Mexican President Felipe Calderón met Brazilian President, Luiz Inácio Lula da Silva,...

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