* Mexico’s state-owned oil company, Pemex, has reported a net profit of M$113bn (US$6.1bn) between January and March 2018, a 29% increase on the same period of 2017. The company attributed the company’s operating profits of M$107bn (US$ 5.7bn) -up nearly 48% on the same quarter in 2017- to an austerity and discipline policies that have controlled expenditures. Pemex also announced that major maintenance works on refineries in Madero and Minatitlán in the states of Tamaulipas and Veracruz respectively, have ended.
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