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 (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 >
Bitcoin falls 5% to $95,519
Bitcoin falls 5% to $95,519
Dec 9, 2024
(Reuters) - Bitcoin, the world's biggest and best-known cryptocurrency, fell 5% to $95,519 at 2103 GMT on Monday. Bitcoin is down 7.1% from the year's high of $103,647 on Dec. 5. ...
To help abuse survivors, Biden watchdog launches rulemaking
To help abuse survivors, Biden watchdog launches rulemaking
Dec 9, 2024
(Reuters) - The U.S. watchdog for consumer finance on Monday announced the start of the rulemaking process to protect victims of domestic violence and elder abuse, saying those who suffer such mistreatment can be coerced into taking on debt or opening bank accounts. WHY IT MATTERS Unlike other U.S. financial regulators, the Consumer Financial Protection Bureau is continuing its rulemaking...
HealthEquity Fiscal Q3 Non-GAAP EPS, Revenue Rise, Fiscal 2025, 2026 Outlooks Set -- Shares Drop
HealthEquity Fiscal Q3 Non-GAAP EPS, Revenue Rise, Fiscal 2025, 2026 Outlooks Set -- Shares Drop
Dec 9, 2024
04:23 PM EST, 12/09/2024 (MT Newswires) -- HealthEquity ( HQY ) late Monday reported fiscal Q3 non-GAAP net income of $0.78 per diluted share, up from $0.60 a year earlier. Analysts polled by FactSet, on average, expected $0.72. Revenue for the quarter ended Oct. 31 was $300.4 million, compared with $249.2 million a year earlier. Analysts expected $305.3 million. For...
Autodesk Insider Sold Shares Worth $543,926, According to a Recent SEC Filing
Autodesk Insider Sold Shares Worth $543,926, According to a Recent SEC Filing
Dec 9, 2024
04:21 PM EST, 12/09/2024 (MT Newswires) -- Lorrie M Norrington, Director, on December 06, 2024, sold 1,778 shares in Autodesk ( ADSK ) for $543,926. Following the Form 4 filing with the SEC, Norrington has control over a total of 11,759 shares of the company, with 11,759 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/769397/000076939724000183/xslF345X05/wk-form4_1733779159.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved