Thursday 31 July 2014
 
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Pemex

Explosion at Mexican oil giant Pemex HQ kills 25

A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside. The mid-afternoon blast in a neighboring building

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Mexico plans $9bn refinery in Hidalgo

Mexico's state-run oil company Pemex has said it chose the central state of Hidalgo as the site for a new $9 billion refinery after the local government was able to secure land for the construction. The city of Tula, Hidalgo was chosen in

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Oil prices fall below $93

Oil prices fell nearly 1 per cent to below $93 a barrel, fading from their latest record high as investors took profits from a rally fuelled by a Mexican supply outage and the spiralling dollar. US crude fell by 85 cents to $92.68 a barrel

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