Places

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

4 monthes 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...
Read more ...

 

A storm is brewing for US oil exports

A storm is brewing for US oil exports

4 monthes 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 ...

 


Search by Tags

   Places      Wellness      Place      Business      Mexico      OilPrice.com      Lopez Obrador      Oil prices      Customs      China      Asia      Custom      Us iran sanctions      Geopolitics oil  


Welcome to Georgia

Welcome to Georgia

Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...

PATA Destination Marketing Forum 2018 to be held in Khon Kaen

PATA Destination Marketing Forum 2018 to be held in Khon Kaen

This November, between 28 and 30, travel experts from all over the world would be dropping into the northeastern province of Khon Kaen as Thailand Convention and Exhibition... Read more ...

Michelle Wolf responds to Trump trashing her comedy with a taunt about...

Michelle Wolf responds to Trump trashing her comedy with a taunt about Khashoggi: 'I bet you'd be on my side if I had killed a journalist'

Comedian Michelle Wolf responded to President Donald Trump's criticism of her with a jibe about his response to the killing of journalist Jamal Khashoggi. Trump pummeled her... Read more ...

Myanmar attracts 2.84 million tourists in 10 months

Myanmar attracts 2.84 million tourists in 10 months

According to the figures from Myanmar's Hotel and Tourism Ministry, the country attracted over 2.84 million tourists as of Oct this year. Figures in this year show a slight... Read more ...

Airbus selects Dominik Asam as future Chief Financial Officer

Airbus selects Dominik Asam as future Chief Financial Officer

In the context of the ongoing management transition process led by its Board of Directors, Airbus SE has appointed Dominik Asam, 49, to succeed Harald Wilhelm, 52, as Chief... Read more ...

The Complete Guide to Holiday Beers at Virginia Craft Breweries

The Complete Guide to Holiday Beers at Virginia Craft Breweries

Fresh seasonal flavors aren't just found on your plate during the holidays in Virginia; craft breweries around the Commonwealth are putting their favorite holiday ingredients... Read more ...

Big Concerts Coming to Virginia in December 2018

Big Concerts Coming to Virginia in December 2018

The holidays are here and there's a great amount of music coming to Virginia in December. From major country acts to the biggest names in rock and pop, celebrate the season... Read more ...

27 Target Black Friday deals you can get without dealing with the crowds or...

27 Target Black Friday deals you can get without dealing with the crowds or the cold

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Black Friday... Read more ...

Latin America air travel set to double in next 20 years

Latin America air travel set to double in next 20 years

Latin American air travel is expected to double in the next two decades thanks to anticipated growth of the region's middle class from 350 million people to 520 million by... Read more ...

StayWell Holdings and Prince Hotels Inc. expand The Prince Akatoki brand to...

StayWell Holdings and Prince Hotels Inc. expand The Prince Akatoki brand to China

StayWell Holdings, a subsidiary of Prince Hotels Inc. which is one of Japan's leading hotel and leisure companies, has solidified its expansion plans for the recently revealed... Read more ...

Protea Hotels by Marriott to open its Second Hotel in Ghana, first in the...

Protea Hotels by Marriott to open its Second Hotel in Ghana, first in the Capital City of Accra

Protea Hotels by Marriott, part of Marriott International, Inc., announced the signing of Protea Hotel by Marriott Accra, Kotoka Airport, the brand's second hotel in Ghana and... Read more ...