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

9 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...
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A storm is brewing for US oil exports

A storm is brewing for US oil exports

9 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...
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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 ...

I Need an Affordable Car To Break My Streak of Bad Luck with Crappy Rides!...

I Need an Affordable Car To Break My Streak of Bad Luck with Crappy Rides! What Should I Buy?

Laquan has been in a rut of getting cars that just won't last. He isn't too picky and just wants something comfortable for his dog, reliable, with all-wheel-drive and heated... Read more ...

IGLTA honours ITB Berlin for its commitment to the LGBT+ travel segment

IGLTA honours ITB Berlin for its commitment to the LGBT+ travel segment

The reward for promoting awareness and acceptance of the LGBT+ Community in the global tourism industry: at the Annual Global Convention, which will take place from 24 to 27... Read more ...

SFO Celebrates Opening of New Long-Term Parking Garage with $18 Daily Rate...

SFO Celebrates Opening of New Long-Term Parking Garage with $18 Daily Rate Effective May 1st

The San Francisco International Airport today celebrated the opening of the new SFO Long-Term Parking at 794 South Airport Boulevard with a new $18 per day parking rate... Read more ...

Universities Team Up with Bristol Airport to Welcome International Students

Universities Team Up with Bristol Airport to Welcome International Students

Universities from across South West England and South Wales met at Bristol Airport on the 16 April as part of a partnership to provide an improved welcome to international... Read more ...

ITB China announces new partnership with Air China

ITB China announces new partnership with Air China

For the first time Air China will be partner airline of ITB China 2019 which will take place from 15 to 17 May in Shanghai. Read more ...

29 killed in tourist bus crash in Portugal

29 killed in tourist bus crash in Portugal

Twenty-nine German tourists were killed when their bus spun, tumbled and crashed into a house on the Portuguese island of Madeira. The bus had been carrying around 50... Read more ...

Jordan tourism earns $1.3 Billion in Q1 2019, recording a 5.2% rise

Jordan tourism earns $1.3 Billion in Q1 2019, recording a 5.2% rise

In the first three months of 2019, Jordan tourism earned U.S. dollars 1.3 billion registering a 5.2 per cent rise as compared to 2018 for the same period as per revealed by the... Read more ...

Air Lease Corporation Announces Delivery of New Airbus A330-900neo Aircraft...

Air Lease Corporation Announces Delivery of New Airbus A330-900neo Aircraft with Air Mauritius

Air Lease Corporation announced today the delivery of one new Airbus A330-900neo aircraft on long-term lease to Air Mauritius. Featuring Rolls-Royce Trent 7000 engines, this... Read more ...

American Airlines flight investigated at JFK Airport

American Airlines flight investigated at JFK Airport

An investigation on the April 10 American Airlines is being carried out by the U.S. National Transportation Safety Board at the New York's John F. Kennedy International... Read more ...

SFO Celebrates Opening of New Long-Term Parking Garage with $18 Daily Rate...

SFO Celebrates Opening of New Long-Term Parking Garage with $18 Daily Rate Effective May 1st

The San Francisco International Airport today celebrated the opening of the new SFO Long-Term Parking at 794 South Airport Boulevard with a new $18 per day parking rate... Read more ...