Q&A: Gerardo Rodriguez, Mexico's Ministry of Finance and Public Credit

Mexico's 2012 oil hedging programme

Gerardo Rodriguez - Mexico - deputy finance minister

The government of Mexico is the best-known sovereign oil hedger, operating a hedging programme that is rolled out towards the end of each year after approval by Congress. The programme gained much attention in 2009 when, with crude prices slowly recovering from their December 2008 low of $30 per barrel (bbl), the hedge allowed Mexico to sell much of its output at $70/bbl, earning the country $5 billion.

The ministry stresses that the hedging programme is not intended to make the country extra

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: