Mexico Lowers Budget Projection for 2015 Oil Price

摘要

In response to the sharp oil-price decline seen in recent weeks, Mexico's finance ministry has lowered its projection for the price the country will receive for crude exports next year. On Monday, the finance ministry announced that its new projection for the Mexican export mix in 2015 is $79 per barrel. That price is down $3/bbl from the $82/bbl base-case scenario originally included in the draft budget that President Enrique Pena Nieto submitted to Congress early last month.