Market reforms in Mexico recently have ended the monopoly of state-owned oil company Pemex. Two private Mexican companies have since opened gas stations, and BP followed with a first gasoline station earlier this year.
The offshore exploration work of an Exxon Mobil vessel has inflamed tensions between Venezuela and its eastern neighbor Guyana. The South American nations have been locked in a century-old territorial dispute.
With deposits in Europe dwindling and efforts to reduce reliance on Russia, an untapped gas field off the island of Cyprus has gained attention. But political tension in the region may frustrate the controversial drill.
With the clock ticking, the US and Canada have reached a new trilateral trade deal with Mexico. Called USMCA, the pact will create a revamped NAFTA with key sections focusing on auto imports and Canada's dairy market.
A new North American trade agreement has been struck between the US, Canada and Mexico following tense negotiations. But is this a victory for US President Donald Trump or is the picture a little more nuanced?
© 2019 Deutsche Welle |
Legal notice |
| Mobile version