HOUSTON, March 13, 2017 /PRNewswire/ -- Historic reforms to Mexico's energy markets are driving demand for market pricing data, news and analysis. Global commodity price reporting agency Argus will begin publishing a new daily market report on 13 March to meet this demand.
Argus Mexico Fuel Markets will provide subscribers with a unique look into Mexico's fast-changing refined products market. The report will initially provide subscribers with delivered prices for gasoline, diesel, blendstocks and LPG, along with news and analysis.
"Mexico is a rapidly changing energy environment that international and domestic suppliers need to understand," Argus Media chairman and chief executive Adrian Binks said. "Argus is proud to be able to bring transparency and offer insight into the Mexican refined oil products sector at a vital stage in the liberalisation of its domestic markets."
The commodity prices, news and analysis published in Argus Mexico Fuel Markets will serve as a valuable reference point for global energy companies seeking to understand Mexico's refined products market, which is being restructured as a result of sweeping energy reforms signed by President Enrique Peña Nieto in 2013. The reforms revoked the long-held monopoly of state-owned oil company Pemex and for the first time introduced price liberalisation and private competition in all facets of Mexico's energy industry.
Argus is launching Argus Mexico Fuel Markets ahead of a key milestone in Mexico's retail motor fuel sector: the government is expected to begin removing caps on retail gasoline and diesel prices on 30 March, allowing market forces to set prices.
By law, fuel prices in Mexico must be market driven by 1 January 2018. The government has opted for a gradual, region-by-region liberalisation plan, which will be first introduced in the northwestern states of Sonora and Baja California.
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About Argus Media
Argus is an independent media organisation with more than 800 staff. It is headquartered in London and has 21 offices in the world's principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets, and offers bespoke consulting services and industry-leading conferences.
Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.
Argus was founded in 1970 and is a privately held UK-registered company. It is owned by staff shareholders and global growth equity firm General Atlantic.
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