Mexico is set to earn a record $8bn from financial contracts it bought last summer as insurance against weaker energy demand and lower oil prices this year, the FT has learnt. The oil producer’s astute risk management will make it the envy of Opec, which is struggling with the plunge in prices from last year’s peak of $147 a barrel and which is due to meet on Wednesday to discuss output levels.

This entry was posted by Gwen Robinson on Tuesday, September 8th, 2009 at 4:25 and is filed under Capital markets, Commodities. Tagged with mexico. Edit this entry.