Skip to content
Edition of Saturday, 31 October 2026English edition
EN FR
The Geopolitician

Country risk, from the local press

Mexico · Country watch

Pemex Losses Amid Oil Boom, ASF Probes Contracts

Pemex reports significant losses despite high oil prices, while ASF investigates major contracts for irregularities.

· · 6 articles read

The picture Deteriorating How this is judged →

Business conditions in Mexico are deteriorating due to Pemex's financial losses and severe weather disruptions. Ongoing investigations into public contracts add to the uncertainty.

Flare-up watch: Watch (1.5) · Active flag: Heightened vigilance for staff and travel · How this is judged → · All Mexico briefings →

In this briefing Auditoría Superior de la Federación · Sonora · Baja California Sur · Mexico City International Airport · Pemex

Regulation

  • Public sector
  • Finance

ASF Investigates 8.87 Billion Peso Contract Network

people walking on sidewalk near brown concrete building during daytime
Bhargava Marripati / Unsplash

The Auditoría Superior de la Federación (ASF) is investigating a network of operations worth 8,870.3 million pesos involving two business groups and various public institutions. Vanguardia reports that 3,790.3 million pesos of this amount are linked to contracts with Local Public Electoral Organizations (Oples). The investigation spans from 2014 to 2026, focusing on potential irregularities in public contracting.

Impact Public institutions and companies involved in these contracts face scrutiny and potential legal consequences.

Sources: Vanguardia ↗

Disruption

  • Logistics
  • Public sector

Storm 'Vance' Causes Flooding in Sonora and BCS

Sonoran desert in San Carlos, Sonora, Mexico during the blooming season.
Sonoran desert in San Carlos, Sonora, Mexico during the blooming season. — Tomascastelazo, CC BY-SA 4.0 via Wikimedia Commons

Tropical storm 'Vance' has led to severe flooding and damage in Sonora and Baja California Sur, prompting emergency plans. El Norte reports that intense rains have caused vehicles to be swept away and infrastructure to be damaged. Authorities are deploying emergency measures to manage the impact and ensure public safety.

Impact Logistics operators and public services in Sonora and Baja California Sur face disruptions due to flooding and infrastructure damage.

Sources: El Norte ↗, Reforma.com ↗

  • Logistics
  • Tourism

AICM Terminal Works Impact Mobility in November

The Mexico City International Airport (AICM) has announced mobility measures affecting its terminals due to modernization works throughout November. SDPnoticias.com reports that passengers should expect disruptions and plan for longer travel times. The airport is implementing these changes to improve infrastructure and service quality.

Impact Airlines and travelers using AICM will experience delays and need to adjust travel plans due to terminal works.

Sources: SDPnoticias.com ↗

Companies

  • Energy
  • Finance

Pemex Reports Losses Despite Oil Price Surge

Pemex reported a loss of 38,763 million pesos from January to September, despite high global oil prices. According to El Norte, while international oil companies posted significant profits, Pemex's financial performance remains negative. The losses highlight ongoing challenges for the state-owned company in capitalizing on favorable market conditions. Pemex's financial struggles continue to be a concern for the Mexican government and investors.

Impact Investors and lenders to Pemex face continued financial risk as the company struggles with losses.

Sources: El Norte ↗, Reforma.com ↗

Nothing significant reported today in Internal tension · Safety & health · Markets · Trade · Politics.

Also today in the local press

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

All Mexico briefings →

The same day elsewhere