Economics: Effects of Oil Price Uncertainty

MEXICO - Report 21 Jan 2015 by Mauricio González and Ernesto Cervera
Executive Summary The international oil market has continued to experience an excess supply of crude, and except in the United States, weak demand through the first weeks of 2015. As a result, the prices of all varieties of crude have been plummeting. As we have mentioned in previous issues of Weekly Trends: Mexico Economy, the drop in oil prices will have no significant effect on the revenues or, therefore, the spending of Mexico’s federal government during 2015. However, it could impose drastic changes on public finance in 2016 to the extent that the authorities fail to line up the same s...

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