Day

June 11, 2015
Mexican industrial output unexpectedly slipped in April, hit by the sharpest drop in crude oil production in nearly seven years even as factories posted their strongest growth since late 2009. Industrial output dipped 0.1 percent in April compared to May, the national statistics agency said on Thursday, below expectations for a 0.1 percent expansion in...
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Petroleos Mexicanos, the world’s ninth-largest oil producer, announced its biggest discovery in five years as the state-owned company seeks to reverse its decade-long decline in production. Pemex, as Mexico’s sole oil producer is known, discovered four new fields in shallow water in the Gulf of Mexico with the potential for daily production of at least...
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Tropical Depression Three-E formed Wednesday about 260 miles south-southwest of Puerto Escondido, Mexico. The storm is expected to develop into a tropical storm Carlos by the end of the day and could possibly strengthen into a hurricane before the weekend. Carlos is expected to move northward hugging the Pacific Coast of Mexico as it passed...
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