Mexico Said to Begin Quietly Hedging 2017 Oil Price in June
Mexico started quietly buying contracts to lock in 2017 oil prices when futures were near their peak in June, signaling the start of what has in prior years been the world’s largest sovereign petroleum hedge, according to people familiar with the deal.
New oil price lows revive hedging
Any expectations that oil prices could be heading back up following a 10% bounce at the start of February were quickly dashed last week as WTI spot prices slumped to new lows, ...