S&P 500
1992.37
+5.86 +0.29%
Dow Indu
17039.49
+60.36 +0.35%
Nasdaq
4530.65
+4.17 +0.09%
Crude Oil
93.53
-0.43 -0.46%
Gold
1280.500
+2.510 +0.20%
Euro
1.3289
+0.0011 +0.08%
US Dollar
82.162
+0.003 0.00%
Strong

Market Commentary and Intraday News

Mexico announces possible oil alliance with Brazil

572 days ago

Free Managed Futures Guide. 3 things you should know prior to investing. This informative guide provides details on:
- Lurking Risks: How your managed futures investment may really respond to large market moves.
- Performance Reporting: Are the numbers actually real and do they give the whole story?
- The Fee Structure: What are the fees? And who gets paid what?
Click Here for this free guide.

(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 This material may not be published, broadcast, rewritten or redistributed.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.