IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.15% USD/MXN17.39▼ 0.20% USD/CLP925.12▼ 0.16% USD/COP3,213▼ 0.71% USD/PEN3.39— 0.00% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.27▼ 0.05% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.72▲ 0.14% USD/TTD6.76▲ 1.32% EUR/BRL5.81▼ 0.76% BRENT 84.45 ▼ 0.33% WTI 79.04 ▼ 0.38% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.35% GOLD 4,041 ▼ 0.49% SILVER 57.62 ▼ 1.97% SOY 1,195 ▼ 0.99% CORN 468.00 ▲ 7.90% WHEAT 680.00 ▲ 7.72% COFFEE 325.70 ▼ 3.41% SUGAR 14.82 ▼ 0.40% ORANGE JUICE 136.60 ▼ 2.60% COTTON 82.13 ▲ 3.18% COCOA 5,890 ▲ 4.06% BEEF 230.10 ▼ 0.57% CATTLE 343.95 ▼ 1.39% LITHIUM 70.41 ▼ 1.64% PETR4 40.35 ▼ 0.76% VALE3 74.42 ▲ 0.55% ITUB4 43.26 ▼ 0.85% BBDC4 18.54 ▼ 0.48% ABEV3 15.59 ▼ 1.39% BBAS3 20.61 ▲ 0.10% B3SA3 15.75 ▲ 2.74% WEGE3 43.73 ▼ 1.06% PRIO3 57.26 ▼ 0.54% SUZB3 41.39 ▲ 0.68% RENT3 40.44 ▼ 0.25% AZZA3 18.70 ▼ 0.80% CSAN3 3.85 ▼ 1.03% RAIZ4 0.30 ▼ 3.23% PCAR3 2.30 ▼ 6.12% GMAT3 3.96 — 0.00% PSSA3 55.14 ▲ 1.57% CVCB3 1.35 ▼ 2.17% POSI3 3.93 ▼ 1.50% SLCE3 13.51 ▼ 2.17% NATU3 8.57 ▲ 0.23% BRKM5 6.39 ▼ 6.44% RANI3 8.03 ▲ 0.25% CSNA3 5.18 ▼ 0.38% CMIN3 5.12 ▲ 0.39% USIM5 8.12 ▼ 1.34% GGBR4 24.09 ▲ 3.30% ENEV3 26.81 ▼ 1.33% CPFE3 46.89 ▼ 0.66% CMIG4 11.16 ▼ 0.36% EQTL3 40.54 ▼ 1.00% LREN3 14.19 ▼ 0.70% VIVT3 35.47 ▼ 0.14% RAIL3 14.00 ▼ 0.92% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.56 ▼ 0.22% RDOR3 35.93 ▼ 0.33% HAPV3 11.03 ▼ 1.43% FLRY3 16.44 ▲ 0.18% SMTO3 15.43 ▼ 4.28% UGPA3 30.33 ▲ 0.73% VBBR3 33.22 ▼ 0.24% BBSE3 40.52 ▲ 0.32% BPAC11 57.14 ▼ 1.40% CURY3 33.22 ▼ 1.10% AERI3 2.04 ▼ 1.45% VIVARA 23.37 ▼ 0.26% COMPASS 25.12 ▼ 0.32% VAMOS 3.09 ▼ 1.90% SANB11 27.12 ▼ 0.80% ASAI3 8.72 ▲ 0.69% SBSP3 30.10 ▼ 0.79% WALMEX 50.00 ▲ 1.48% GMEXICO 199.24 ▼ 0.16% FEMSA 225.27 ▼ 1.76% CEMEX 22.45 ▲ 1.13% GFNORTE 186.18 ▼ 0.01% BIMBO 57.62 ▲ 2.24% TELEVISA 9.61 ▲ 0.84% AMX 22.73 ▼ 0.53% GAP 396.58 ▲ 0.33% ASUR 283.19 ▲ 2.75% OMA 235.82 ▲ 0.34% KOF 178.29 ▼ 0.89% GRUMA 280.68 ▲ 0.46% KIMBER 38.72 ▲ 0.73% SQM-B 65,490 ▼ 3.55% COPEC 6,260 ▲ 0.81% BSANTANDER 77.82 ▼ 1.04% FALABELLA 5,868 ▼ 0.12% ENELAM 85.30 ▼ 0.52% CENCOSUD 2,042 ▲ 0.10% CMPC 1,087 ▼ 1.45% BANCO CHILE 187.74 ▼ 0.93% LATAM AIR 25.16 ▲ 1.04% YPF 77,500 ▼ 0.35% GGAL 8,060 ▲ 1.90% PAMPA 5,185 ▼ 0.86% TXAR 667.50 ▲ 0.83% ALUAR 958.50 ▲ 1.00% TGS 9,735 ▲ 0.26% CEPU 2,330 ▲ 0.13% MIRGOR 16,950 ▲ 1.19% COME 45.84 ▲ 0.20% LOMA NEGRA 3,580 ▲ 1.34% BYMA 303.75 ▲ 0.91% TELECOM ARG 4,330 ▼ 0.06% ECOPETROL 16.06 ▼ 0.62% BANCOLOMBIA 81.88 ▼ 0.27% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 396.60 ▲ 1.11% SOUTHERN COPPER 177.99 ▼ 2.41% BUENAVENTURA 30.38 ▼ 2.09% MERCADOLIBRE 1,845 ▼ 1.55% NUBANK 14.06 ▲ 0.46% XP 17.02 ▲ 0.86% PAGSEGURO 9.23 ▼ 0.59% STONE 11.32 ▲ 0.13% GLOBANT 32.04 ▲ 3.61% TECNOGLASS 44.86 ▲ 1.41% GAP AIRPORT 228.17 ▲ 0.98% ASUR 283.19 ▲ 2.75% OMA AIRPORT 108.35 ▲ 0.66% AMX ADR 26.11 ▼ 0.29% FEMSA ADR 129.65 ▼ 2.64% CEMEX ADR 12.97 ▲ 1.29% PETROBRAS ADR 17.73 ▼ 1.09% VALE ADR 14.60 ▲ 0.07% ITAU ADR 8.50 ▼ 0.64% SANTANDER BR 5.37 ▼ 0.46% AMBEV ADR 3.04 ▼ 1.61% CSN 1.02 ▼ 1.46% GERDAU 4.76 ▲ 3.28% LATAM ADR 54.21 ▲ 1.30% BTC 65,105 ▲ 0.23% ETH 1,921 ▲ 1.65% SOL 77.66 ▼ 0.13% XRP 1.12 ▲ 0.51% BNB 579.15 ▼ 0.45% ADA 0.16 ▼ 0.56% DOGE 0.07 ▼ 0.51% AVAX 6.70 ▲ 0.04% LINK 8.49 ▲ 1.84% DOT 0.85 ▼ 0.44% LTC 45.29 ▼ 0.32% BCH 233.16 ▼ 1.41% TRX 0.33 ▲ 0.15% XLM 0.19 ▲ 1.34% HBAR 0.07 ▲ 0.56% NEAR 2.07 ▲ 2.93% ATOM 1.57 ▲ 0.38% AAVE 96.79 ▼ 2.12% SELIC 14.25% — EMBRAER 81.19 ▼ 1.58% EMBRAER ADR 63.93 ▼ 1.51% JBS 12.06 ▲ 1.94% JBS BDR 61.12 ▲ 2.29% MBRF3 15.48 ▼ 3.79% MBRFY 3.05 ▼ 2.87% INTER 5.66 ▼ 0.70% EGX 52,558 ▲ 0.50% USD/ZAR16.34▼ 0.22% USD/NGN1,379▼ 0.25% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.14▼ 0.07% USD/CNY6.76▼ 0.21% DAX 25,000 ▼ 0.59% CAC 8,382 ▲ 0.19% FTSE 10,516 ▼ 0.13% MIB 52,411 ▼ 0.85% IBEX 19,276 ▼ 0.42% STOXX 642.71 ▲ 0.10% EUR/USD1.14▲ 0.19% GBP/USD1.35▲ 1.23% SPX 7,534 ▼ 0.12% DJI 52,471 ▼ 0.07% NDX 29,271 ▼ 1.07% RUT 2,967 ▲ 0.07% TSX 35,277 ▼ 0.12% VIX 16.40 ▼ 0.61% USD/CAD1.41▼ 0.06% US10Y 4.5550 ▼ 0.65% IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.15% USD/MXN 17.39 ▼ 0.20% USD/CLP 925.12 ▼ 0.16% USD/COP 3,213 ▼ 0.71% USD/PEN 3.39 ▼ 0.00% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.27 ▼ 0.05% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.72 ▲ 0.14% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.81 ▼ 0.76% BRENT 84.45 ▼ 0.33% WTI 79.04 ▼ 0.38% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.35% GOLD 4,041 ▼ 0.49% SILVER 57.62 ▼ 1.97% SOY 1,195 ▼ 0.99% CORN 468.00 ▲ 7.90% WHEAT 680.00 ▲ 7.72% COFFEE 325.70 ▼ 3.41% SUGAR 14.82 ▼ 0.40% ORANGE JUICE 136.60 ▼ 2.60% COTTON 82.13 ▲ 3.18% COCOA 5,890 ▲ 4.06% BEEF 230.10 ▼ 0.57% CATTLE 343.95 ▼ 1.39% LITHIUM 70.41 ▼ 1.64% PETR4 40.35 ▼ 0.76% VALE3 74.42 ▲ 0.55% ITUB4 43.26 ▼ 0.85% BBDC4 18.54 ▼ 0.48% ABEV3 15.59 ▼ 1.39% BBAS3 20.61 ▲ 0.10% B3SA3 15.75 ▲ 2.74% WEGE3 43.73 ▼ 1.06% PRIO3 57.26 ▼ 0.54% SUZB3 41.39 ▲ 0.68% RENT3 40.44 ▼ 0.25% AZZA3 18.70 ▼ 0.80% CSAN3 3.85 ▼ 1.03% RAIZ4 0.30 ▼ 3.23% PCAR3 2.30 ▼ 6.12% GMAT3 3.96 — 0.00% PSSA3 55.14 ▲ 1.57% CVCB3 1.35 ▼ 2.17% POSI3 3.93 ▼ 1.50% SLCE3 13.51 ▼ 2.17% NATU3 8.57 ▲ 0.23% BRKM5 6.39 ▼ 6.44% RANI3 8.03 ▲ 0.25% CSNA3 5.18 ▼ 0.38% CMIN3 5.12 ▲ 0.39% USIM5 8.12 ▼ 1.34% GGBR4 24.09 ▲ 3.30% ENEV3 26.81 ▼ 1.33% CPFE3 46.89 ▼ 0.66% CMIG4 11.16 ▼ 0.36% EQTL3 40.54 ▼ 1.00% LREN3 14.19 ▼ 0.70% VIVT3 35.47 ▼ 0.14% RAIL3 14.00 ▼ 0.92% KLABIN 17.39 ▲ 0.40% RAIA DROGASIL 18.56 ▼ 0.22% RDOR3 35.93 ▼ 0.33% HAPV3 11.03 ▼ 1.43% FLRY3 16.44 ▲ 0.18% SMTO3 15.43 ▼ 4.28% UGPA3 30.33 ▲ 0.73% VBBR3 33.22 ▼ 0.24% BBSE3 40.52 ▲ 0.32% BPAC11 57.14 ▼ 1.40% CURY3 33.22 ▼ 1.10% AERI3 2.04 ▼ 1.45% VIVARA 23.37 ▼ 0.26% COMPASS 25.12 ▼ 0.32% VAMOS 3.09 ▼ 1.90% SANB11 27.12 ▼ 0.80% ASAI3 8.72 ▲ 0.69% SBSP3 30.10 ▼ 0.79% WALMEX 50.00 ▲ 1.48% GMEXICO 199.24 ▼ 0.16% FEMSA 225.27 ▼ 1.76% CEMEX 22.45 ▲ 1.13% GFNORTE 186.18 ▼ 0.01% BIMBO 57.62 ▲ 2.24% TELEVISA 9.61 ▲ 0.84% AMX 22.73 ▼ 0.53% GAP 396.58 ▲ 0.33% ASUR 283.19 ▲ 2.75% OMA 235.82 ▲ 0.34% KOF 178.29 ▼ 0.89% GRUMA 280.68 ▲ 0.46% KIMBER 38.72 ▲ 0.73% SQM-B 65,490 ▼ 3.55% COPEC 6,260 ▲ 0.81% BSANTANDER 77.82 ▼ 1.04% FALABELLA 5,868 ▼ 0.12% ENELAM 85.30 ▼ 0.52% CENCOSUD 2,042 ▲ 0.10% CMPC 1,087 ▼ 1.45% BANCO CHILE 187.74 ▼ 0.93% LATAM AIR 25.16 ▲ 1.04% YPF 77,500 ▼ 0.35% GGAL 8,060 ▲ 1.90% PAMPA 5,185 ▼ 0.86% TXAR 667.50 ▲ 0.83% ALUAR 958.50 ▲ 1.00% TGS 9,735 ▲ 0.26% CEPU 2,330 ▲ 0.13% MIRGOR 16,950 ▲ 1.19% COME 45.84 ▲ 0.20% LOMA NEGRA 3,580 ▲ 1.34% BYMA 303.75 ▲ 0.91% TELECOM ARG 4,330 ▼ 0.06% ECOPETROL 16.06 ▼ 0.62% BANCOLOMBIA 81.88 ▼ 0.27% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 396.60 ▲ 1.11% SOUTHERN COPPER 177.99 ▼ 2.41% BUENAVENTURA 30.38 ▼ 2.09% MERCADOLIBRE 1,845 ▼ 1.55% NUBANK 14.06 ▲ 0.46% XP 17.02 ▲ 0.86% PAGSEGURO 9.23 ▼ 0.59% STONE 11.32 ▲ 0.13% GLOBANT 32.04 ▲ 3.61% TECNOGLASS 44.86 ▲ 1.41% GAP AIRPORT 228.17 ▲ 0.98% ASUR 283.19 ▲ 2.75% OMA AIRPORT 108.35 ▲ 0.66% AMX ADR 26.11 ▼ 0.29% FEMSA ADR 129.65 ▼ 2.64% CEMEX ADR 12.97 ▲ 1.29% PETROBRAS ADR 17.73 ▼ 1.09% VALE ADR 14.60 ▲ 0.07% ITAU ADR 8.50 ▼ 0.64% SANTANDER BR 5.37 ▼ 0.46% AMBEV ADR 3.04 ▼ 1.61% CSN 1.02 ▼ 1.46% GERDAU 4.76 ▲ 3.28% LATAM ADR 54.21 ▲ 1.30% BTC 65,105 ▲ 0.23% ETH 1,921 ▲ 1.65% SOL 77.66 ▼ 0.13% XRP 1.12 ▲ 0.51% BNB 579.15 ▼ 0.45% ADA 0.16 ▼ 0.56% DOGE 0.07 ▼ 0.51% AVAX 6.70 ▲ 0.04% LINK 8.49 ▲ 1.84% DOT 0.85 ▼ 0.44% LTC 45.29 ▼ 0.32% BCH 233.16 ▼ 1.41% TRX 0.33 ▲ 0.15% XLM 0.19 ▲ 1.34% HBAR 0.07 ▲ 0.56% NEAR 2.07 ▲ 2.93% ATOM 1.57 ▲ 0.38% AAVE 96.79 ▼ 2.12% SELIC 14.25% — EMBRAER 81.19 ▼ 1.58% EMBRAER ADR 63.93 ▼ 1.51% JBS 12.06 ▲ 1.94% JBS BDR 61.12 ▲ 2.29% MBRF3 15.48 ▼ 3.79% MBRFY 3.05 ▼ 2.87% INTER 5.66 ▼ 0.70% EGX 52,558 ▲ 0.50% USD/ZAR 16.34 ▲ 0.01% USD/NGN 1,379 ▼ 0.14% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.13 ▼ 0.03% USD/CNY 6.7567 ▼ 0.08% DAX 25,000 ▼ 0.59% CAC 8,382 ▲ 0.19% FTSE 10,516 ▼ 0.13% MIB 52,411 ▼ 0.85% IBEX 19,276 ▼ 0.42% STOXX 642.71 ▲ 0.10% EUR/USD 1.1443 ▲ 0.16% GBP/USD 1.3511 ▲ 0.93% SPX 7,534 ▼ 0.12% DJI 52,471 ▼ 0.07% NDX 29,271 ▼ 1.07% RUT 2,967 ▲ 0.07% TSX 35,277 ▼ 0.12% VIX 16.40 ▼ 0.61% USD/CAD 1.4049 ▼ 0.09% US10Y 4.5550 ▼ 0.65%
since 2009
Wednesday, July 15, 2026
Oil and Gas Business Business - Brazil

Mexico Announces Largest Oil Discovery in 30 Years

By · December 9, 2019 · 1 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Mexico‘s state-owned oil company Pemex announced on Friday, December 6th, the discovery of a reserve that could yield 500 million barrels of oil, according to Reuters.

Pemex plans to extract 69,000 barrels a day by next year and reach 110,000 barrels a day by 2021, according to executive president Octavio Romero Oropeza.
Pemex plans to extract 69,000 barrels a day by next year and reach 110,000 barrels a day by 2021, according to executive president Octavio Romero Oropeza. (Photo: internet reproduction)

According to the company, it is the largest discovery of its kind in the country in over 30 years.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The well was found in May in the southern Mexican state of Tabasco. The state-owned company claims to have proved, through studies, the feasibility of extraction at the site.

Pemex plans to extract 69,000 barrels a day by next year and reach 110,000 barrels a day by 2021, according to executive president Octavio Romero Oropeza.

The revitalization of Pemex, which has seen a steady decline in production for over a decade, is considered one of Mexico‘s current president Andrés Manuel Lopez Obrador’s priorities.

Source: G1

In depth

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Related Articles

Oil and Gas Business

Pay 17 Million Dollars by July or Lose It: Guyana Oil Block Warning

July 13, 2026 · 5 min read Oil and Gas Business

A New Study Explains Why Guyana Strikes Oil and Suriname Struggles

July 13, 2026 · 5 min read Southern Africa

Karoo Shale Gas: New Fault Complicates South Africa’s Bet

July 13, 2026 · 6 min read Southern Africa

Angola’s Richest Man Doubles His Stake in the Block 17/06 Oil Field

July 13, 2026 · 5 min read
All News Brazil art news Brazil Best English News Brazil Best News Brazil Brazil Brazil economy Brazil football Brazil Museum Fire Brazil national football team Brazil News Brazil Pension Reform Brazil Real Brazil Visa Brazilian Newspaper Business News Brazil culture news Brazil English Culture News Brazil English Info Brazil English Info Rio de Janeiro English News Belo Horizonte English News Brasilia English News Brazil English News Curitiba English News Florianopolis English News Rio de Janeiro English News Sao Paulo English Newspaper Brazil English Newspaper Rio de Janeiro General News Brazil Info Brazil Info Rio de Janeiro Invest in Brazil Mining News Brazil Natioal Museum of Brazil News Brasilia news Brazil News Florianopolis News Rio de Janeiro Oil News Brazil President of Brazil Rio de Janeiro São Paulo News Science News Brazil Universities Brazil

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.