据离岸工程网站9月9日消息 墨西哥政府在其2020年的预算提案中表示，将保持一种针对油价下跌对冲其石油产量的战略。

墨西哥国家石油公司也将继续一项类似但独立的对冲计划。墨西哥每年大约10亿美元的石油对冲被认为是世界上最大的石油贸易，政府已经采取了第一步，通过向银行询价来启动其计划。

预算提案中称，政府有“财政减震器”，以防止可能影响公共财政的波动。政府称，这包括“墨西哥国家石油公司和联邦政府签订的一项石油对冲战略，其目的是用与价格相比的降价来弥补石油收入。”墨西哥国家石油公司的对冲规模远小于墨西哥财政部。

尽管墨西哥政府和华尔街银行已就2020年对冲交易商定的价格不得而知，但预算为其原油出口收入预估设定了每桶49美元的目标价格。预算提案估计，2020年原油出口为113万桶/天，比2019年水平高出近2%。

吴恒磊 编译自 离岸工程

原文如下：

Mexico, Pemex to Hedge Oil Output

The Mexican government has said in its 2020 budget proposal that it will maintain a strategy of hedging its oil output against lower prices.

Mexico’s state oil company Pemex will also continue a similar but separate hedging program. Mexico’s roughly $1 billion annual oil hedge is considered the world’s largest oil trade and the government has made the first moves to launch its program by asking banks for quotes.

The budget document said the government had “fiscal shock absorbers” to protect against volatility that could affect public finances. This includes “a strategy of oil hedges contracted both by Pemex and the federal government to cover oil income against reductions compared to the price”, the government stated. The Pemex hedge is much smaller than that of the Mexican Finance Ministry.

Although the price the Mexican government and Wall Street banks have agreed on for the2020 hedge is unknown, the budget sets a target price of $49 per barrel for its crude export revenue estimates. The budget blueprint estimates crude exports for 2020 at1.13 million bpd, almost 2 percent higher than 2019 levels.