Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico Lawmakers Set to Lower Oil Prices in 2015 Budget Forecast

The lower house finance committee passed a bill to lower the forecast price for a Mexican barrel of crude next year to $81 from a government proposal of $82 per barrel and down from $94 budgeted this year.

Lawmakers, mostly from the opposition conservative National Action Party (PAN), made reservations to the bill, but the committee agreed to let objections be discussed during a vote on the floor of the lower house that was set for Thursday.

International oil prices have slumped to a three-year low amid a glut of production and concerns about slowing global growth. Mexico, Latin . . .

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