Bloomberg | Mexico Spends Record $1.25 Billion On 2018 Oil Hedge OilPrice.com On average, Mexico has spent $1 billion in previous years to maintain its oil hedge, which prevents the government from losing billions in oil revenues if barrel prices take a dive. After the past three years of crisis-level oil prices, the technique ... Mexico Spent About $1.25 Billion on the World's Biggest Oil Hedge Mexico spent about $1.26 billion on 2018 oil hedges: official |