A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside.
The mid-afternoon blast in a neighboring building
Mexico's state-run oil company Pemex has said it chose the central state of Hidalgo as the site for a new $9 billion refinery after the local government was able to secure land for the construction.
The city of Tula, Hidalgo was chosen in
Oil prices fell nearly 1 per cent to below $93 a barrel, fading from their latest record high as investors took profits from a rally fuelled by a Mexican supply outage and the spiralling dollar.
US crude fell by 85 cents to $92.68 a barrel