Daily brief
Mexico is exploring a push into unconventional gas development, but faces significant challenges including regulatory hurdles and environmental concerns. The country's state oil company Pemex has been criticized for not capitalizing on natural gas resources in the past. This comes as Australia looks to secure new fuel supplies from the US, Mexico, and Asia amid record-high diesel prices.
A fire broke out at the Olmeca refinery in Mexico, though details on casualties or damage remain unclear.
Occidental Petroleum announced an oil discovery at the Bandit prospect in the Gulf of Mexico.
A combative Mexican billionaire is fighting his debts and the administration of President Claudia Sheinbaum.
Ride-hailing apps have overtaken traditional taxis in Mexico, marking a shift in urban transportation.
Chinese car imports have dropped steeply under Mexico’s new tariffs, even as overall car sales in the country surge.