Mexico's $2.38 billion oil hedge payout covers 80% of lost revenues

Mexico had hedged oil revenues at $49 a barrel

Lifeline: Mexico's oil hedging program delivers $2.38 billion lifeline
Lifeline: Mexico's oil hedging program delivers $2.38 billion lifelinePhoto: REUTERS/SCANPIX
Published 29 January 2021, 22:03Updated 29 January 2021, 22:03