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Mexico's new president will probably keep its secretive billion-dollar oil hedge going

6 days ago   |   By Business Insider

REUTERS/Henry Romero
Mexico buys put options from US financial institutions on oil.
A change in government may see that hedge out soon.
Ultimately, it looks as if the hedging strategy will remain in place.
The Mexican oil hedge, or the Hacienda Hedge , is considered the biggest hedging bet on Wall Street as well as perhaps the most secretive. It has earned Mexico-and a few large investment banks-billions of U.S. dollars.
Mexico buys put options from investment banks and typically hedges a whopping 200-300 million barrels of oil a year. With the put options, it has the right, but not the...
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A storm is brewing for US oil exports

A storm is brewing for US oil exports

6 days ago   |   By Business Insider

Andrew Burton/Getty
The US is pressing China and India to stop buying oil from Iran.
The US is sanctioning Iran, and is under threat of a 25% Chinese oil tariff.
The US may have a slight problem selling oil, with certain political dynamics in place.
Two geopolitical developments in recent weeks-U.S. sanctions on Iran and the escalating U.S.-Chinese trade war-are set to reshuffle the U.S. oil flows to the world's fastest-growing oil market, Asia.
On the one hand, the United States is pressing Iran's oil customers to cut their Iranian crude imports by as much as possible. China is Tehran's...
Read more ...

 


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