Interview: Mexico's hedging plans: in crude health

gerardo-rodriguez2

The Government of Mexico attracted widespread attention last year after it based its 2009 hedging strategy on an oil price of $70 per barrel. The strategy generated gross revenues of $5 billion for the country and has focused attention on the next move in this area by the country’s canny finance ministry. The profits from this strategy were a welcome bonus for a country impacted by falling demand for oil and other damaging factors that came about due to the global financial crisis. Acco