Reuters reveals Mexico taps banks, oil major as it nears end of 2020 oil hedge

Reuters revealed that Mexico’s finance ministry has completed a majority of its annual oil hedging program, working with at least four top investment banks and oil major Royal Dutch Shell, after challenges slowed the world’s largest oil financial deal this year. Over the past two-three years, oil majors Shell and BP began participating in the highly coveted program, challenging the traditional role of banks in the operation