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Mexican hedge funds have locked oil prices around $75/b in 2023

 Last Update: 2022-10-18
 Source: Internet
 Author: User

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world

fuel oil prices

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Mexico has embarked on a massive oil hedging program
for 2023.
People familiar with the matter said the country will lock oil prices at around
$75/barrel in the first half of 2023.
Mexico's "Hacienda Hedge" is the world's largest sovereign oil hedge and is closely watched
by global markets.
One of the people familiar with the matter said that this year's deal was mainly executed through oil giants
.
While Mexico has historically operated the program through large banks, oil majors have played a bigger role in it in recent years, as their physical assets allow them to keep more risk
on their books.

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