S&P 500
2110.74
-3.12 -0.15%
Dow Indu
18214.42
-10.15 -0.06%
Nasdaq
4986.82
+19.68 +0.39%
Crude Oil
49.02
+0.85 +1.67%
Gold
1209.495
-0.420 -0.03%
Euro
1.121315
+0.000715 +0.06%
US Dollar
95.130
-0.127 -0.16%
Strong

Market Commentary and Intraday News

Mexico announces possible oil alliance with Brazil

761 days ago

(AP:MEXICO CITY) President Enrique Pena Nieto has announced that Mexico and Brazil are studying a possible alliance between their two state-owned oil companies.

Mexico's office of the presidency released information about the announcement Pena Nieto made Saturday at a summit of Latin American and European leaders in Santiago, Chile, after meeting with Brazilian President Dilma Rousseff.

The Mexican president says the possible partnership between Mexico's Pemex and Brazil's Petrobras could include the sharing of technology and working together on development programs.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.