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OPERATIONAL & PHYSICAL RISK

  • Last week, the president of the Mexican Gas Distributors Association (ADIGAS) stated that during the current year, the industry had reported losses of nearly MXN 7 billion (USD 364 million) due to criminal activities and the illegal gas market growth.

MARKET & ECONOMIC RISK

  • On September 10, 2018, the Argentina government approved a new 17% increase in fuel acquisition and biodiesel prices. According to authorities, the most affected brands were Shell and YPF, they had to increase their prices immediately between 2% and 2.5%.

HAZARD & EVENT RISK

  • On September 6, 2018, a 6.3 magnitude earthquake hit the country of Ecuador about 94km (58mi) south of the city of Ambato and at a depth of 112km (69m). Even though the earthquake did not cause significant damage, it was followed by five smaller aftershocks and another tremor of 6.5 during the evening.

TECHNOLOGY AND INFORMATION RISK

Nothing to report this week.


September 17, 2018

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