Pemex Plan to Reverse Oil Drop, Balance Budget Fails to Impress

Bloomberg | Jul 16, 2019 at 1:54 PM

Mexico’s Petroleos Mexicanos announced plans to balance its budget by 2021 and reverse a decade and half of declining crude production as early as next year. The peso and the company’s bonds weakened on skepticism that the strategy to achieve those goals will be effective.

Moody’s affirms Baa1 rating to ONGC

Times of India | Jul 16, 2019 at 11:49 AM

New Delhi, Jul 16 () Moody’s Investors Service Tuesday affirmed state-owned ONGC’s Baa1 local and foreign currency issuer ratings, saying it reflect an improvement in the firm’s credit metrics because of rise in oil prices.