Mexico has classified data on hedging risks from lower oil prices


The authorities decided to no longer publish information about transactions with investment banks because of fears of attracting speculators and incurring additional costs.

Information on transactions of the Mexican government with oil derivatives was previously published annually, but since 2019, the Lopez Obrador administration has made it a state secret for a period of 5 years.

This was reported by Bloomberg, citing a document from the Ministry of Finance of Mexico, sent to the Federal Audit Office of Mexico.

The Central Bank of Mexico has traditionally been one of the most active central banks among oil-producing countries that have concluded contracts to hedge risks from falling oil prices. Previously, authorities published information about put options (options for sale – approx. ) with investment banks and oil companies, as well as data on the value of the transaction. In 2019, only the total estimated value of the concluded contracts was announced – $ 1 billion.

At the beginning of 2020, the country’s Ministry of Finance announced that under the hedging program, financial risks for the country’s budget were insured against falling prices below $ 49 per barrel, without disclosing at the same time, any details of the transactions concluded.


This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

OBSERVATORY — Breaking news source, real-time coverage of the world’s events, life, politics, money, business, finance, economy, markets, war and conflict zones.

Contact us:

Stay connected with Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.

Support The OBSERVATORY from as little as $1 – it only takes a minute. Thank you.

We are OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.

Related Articles