financetom
Business
financetom
/
Business
/
Mexico's Pemex looks to diversify market amid Trump tariff threats
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexico's Pemex looks to diversify market amid Trump tariff threats
Mar 25, 2025 1:23 PM

MEXICO CITY, March 25 (Reuters) - Mexican state energy

company Pemex is actively looking to diversify its market for

both motor fuel imports and crude oil exports, the head of its

international trading unit PMI said on Tuesday.

"If new opportunities in other markets open, we'll pursue

them and are pursuing them," PMI Chief Executive Officer

Margarita Perez said during a panel discussion in the Mexican

Senate.

Perez's comments come after Reuters reported this month that

Pemex was in talks with potential buyers in Europe and Asia,

including China.

Perez said that the importance of having a

diversification strategy was highlighted when U.S. President

Donald Trump a day earlier threatened tariffs on countries

buying oil from Venezuela.

Trump on Monday published an executive order imposing a

25% tariff on trade with countries buying the South American

nation's oil.

"Not having certainty in the market creates a lot of

volatility," Perez said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mayfair Appoints Nicholas Campbell as new VP of Corporate Development
Mayfair Appoints Nicholas Campbell as new VP of Corporate Development
Nov 3, 2024
04:58 PM EDT, 10/28/2024 (MT Newswires) -- Mayfair Gold ( MFGCF ) after close Monday said it appointed Nicholas Campbell as its vice president of corporate development. Campbell has more than 20 years of experience in the mining, minerals, and metals industry, and has held several leadership positions. Prior to joining Mayfair, Campbell was Vice President of Capital Markets of...
Flowserve Q3 Adjusted EPS, Sales Rise; 2024 EPS Guidance Reiterated; Shares Fall After Hours
Flowserve Q3 Adjusted EPS, Sales Rise; 2024 EPS Guidance Reiterated; Shares Fall After Hours
Nov 3, 2024
04:53 PM EDT, 10/28/2024 (MT Newswires) -- Flowserve ( FLS ) reported Q3 adjusted earnings Monday of $0.62 per diluted share, up from $0.50 a year earlier. Analysts polled by Capital IQ expected $0.67. Sales for the quarter ended Sept. 30 were $1.13 billion, up from $1.09 billion a year earlier. Analysts surveyed by Capital IQ expected $1.22 billion. The...
VF Corp Q2 Earnings: Revenue Beat, EPS Beat, Cost Reductions On Track, Guidance And More
VF Corp Q2 Earnings: Revenue Beat, EPS Beat, Cost Reductions On Track, Guidance And More
Nov 3, 2024
V.F. Corp ( VFC ) reported second-quarter financial results after the market close on Monday. Here’s a rundown of the report. Q2 Earnings: VF Corp ( VFC ), the parent company of Vans and The North Face, reported second-quarter revenue of $2.8 billion, beating the consensus estimate of $2.7 billion, according to Benzinga Pro. The company reported second-quarter earnings of 60 cents per...
Element Solutions Q3 Adjusted Earnings, Net Sales Increase
Element Solutions Q3 Adjusted Earnings, Net Sales Increase
Nov 3, 2024
04:58 PM EDT, 10/28/2024 (MT Newswires) -- Element Solutions ( ESI ) reported Q3 adjusted earnings late Monday of $0.39 per diluted share, up from $0.36 a year earlier. Analysts polled by Capital IQ expected $0.38. Net sales for the quarter ended Sept. 30 were $645 million, up from $599.3 million a year earlier. Analysts surveyed by Capital IQ expected...
Copyright 2023-2026 - www.financetom.com All Rights Reserved