Interview: Mexico's hedging plans: in crude health

Pauline McCallion speaks to Gerardo Rodriguez, deputy undersecretary for public debt at Mexico’s Ministry of Finance & Public Credit, about the government’s highly successful oil price hedging strategy


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. According to

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