Mexico’s state-owned energy company Pemex is grappling with significant challenges amid declining oil and gas production and mounting debt, currently estimated at $100 billion, making it the world’s most indebted energy firm. Despite receiving strong governmental support from President Claudia Sheinbaum, Pemex has not succeeded in reversing the production slump. This has led to lukewarm investor interest, including reduced enthusiasm from major oil companies, further complicating Pemex’s efforts to achieve stability.
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The broader oil market also reflects bearish sentiment. Over the past month, Natural Gas prices have dropped 10.09%, while US Crude and Brent Crude decreased by 7.58% and 7.66%, respectively. On a one-day technical basis, natural gas holds a Hold signal, while both US Crude and Brent Crude currently reflect a Sell and Sell signal. Investors can explore more updates, prices, and analysis across global markets at Commodities.