Oil
Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks
CEII brief
OilPrice.com reported on 29 Oct 2026: Mexico’s Richest Man Sells $1.15 Billion in Oil Stocks.
Read the full story on OilPrice.comCarlos Slim has sold more than $1.15 billion of U.S. oil stocks this year as the Iran war sends crude prices and energy shares higher.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
68.0% of Iran’s merchandise exports were fuels in 2023Countries in this story
Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
