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NewsEconomic Indicator

Mexico's Pemex taking 'wait-and-see' approach on exports as oil prices climb, minister says

ReutersMar 20, 2026 6:44 PM

By Emily Green

CANCUN, Mexico, March 20 (Reuters) - Mexican state-run oil firm Pemex PEMX.UL is waiting to see how oil prices behave in the mid-term before altering its strategy on crude exports, Finance Minister Edgar Amador told Reuters on Friday.

"Our perspective is that this should be a relatively temporary effect," Amador said in an interview at Mexico's annual banking convention, referring to the recent climb in prices tied to the conflict in the Middle East.

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