Mexico will weather oil market storm: Government

Mexico's government expects to weather the "storm" in the oil market caused by plunging prices and plans to move forward with auctions aimed at bringing private investors into the energy industry, presidential spokesman Eduardo Sanchez said.

"There is never a good time for a storm to arrive," Sanchez said in response to a question about the conditions facing Mexico and other oil producers.

"The international scenario we are seeing with the drop in the price of petroleum and some other circumstances in the global economy are not in any way favorable for the Mexican economy," the presidential spokesman said.

Source: Fox News Latino