PEMEX expects its oil hedges to generate $311 million this year

-Mexico’s Petroleos Mexicanos expects to receive some relief from its oil hedge this year as producers grapple with a record slump in demand.

“The Finance Ministry has full coverage, and in the case of Pemex it is a part of our production,” said Pemex Chief Executive Officer Octavio Romero at a press conference in Mexico City, attended by President Andres Manuel Lopez Obrador.

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