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

6 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

6 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

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Winnipeg Richardson International Airport drives community prosperity with...

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38th ASEAN Tourism Forum held in Ha Long Bay, Vietnam

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Led by Minister of Tourism, Arts and Culture, YB Datuk Mohamaddin bin Ketapi, Malaysia exhibited strong presence at the 38th ASEAN Tourism Forum in Ha Long Bay, Vietnam, which... Read more ...

Amazon's Terrific Super Bowl Audio Deals Include Sonos and Dolby Atmos

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It's not surprising that Amazon would run a home theater audio sale with the Super Bowl now just two weeks away. But holy crap, we weren't expecting so many great options . Read more ...

Travellers embrace Airbnb for 2019 Chinese New Year, Songkran and Golden Week

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The new data shows that travellers to Thailand are increasingly turning to Airbnb for accommodation during big tourism events. Read more ...