Jun
11
Mexico Said to Take First Steps in Annual Oil Hedging Program
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Mexico said to ask banks for options quotes to fix 2018 prices
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Mexico annual sovereign hedge is Wall Street largest oil deal
Mexico has taken the first step in its annual oil hedging program, asking Wall Street banks for price quotes on the put options it buys to lock in prices for the following year, according to people familiar with the matter.
Mexico usually buys put options from a small group of investment banks, starting as early as May but sometimes as late as July, in what’s considered Wall Street’s largest — and most secretive — annual oil deal…
Mexico Said to Take First Steps in Annual Oil Hedging Program
