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

2 monthes ago   |   By

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...
Read more ...

 

A storm is brewing for US oil exports

A storm is brewing for US oil exports

2 monthes ago   |   By

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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