Daily Archives: Sep 24, 2011

Mexico’s August oil production figures, which were released Friday, will doubtless put smiles on the faces of government officials and legislators alike.

They shouldn’t. Production came in at just over 2.55m barrels a day, up slightly from July. That’s the latest reminder that Mexico, which is one of the world’s top 10 producers, has at last halted the decline that began in 2004 when production reached a peak of 3.4m barrels a day.

Given Mexico’s tiny tax base and the fact that oil contributes more than one-third of all government revenue, the stabilisation will calm any fears about the country’s fiscal outlook. But what will it do for the chances of reform in the energy sector? Read more

This week on beyondbrics:

Emerging market currencies tank – big time

Nowhere to hide for the real, the peso, the rouble, the zloty, the rupee and even the renminbi

India finds a novel solution to its poverty problems

Apple and Samsung continue to confuse

China’s debt-fueled construction binge is presented a little differently Read more