In this REDD Talks podcast, Moody's senior VP Nymia Almeida shares her thoughts on Latam's national oil companies as oil prices decrease from 2022 highs. Pemex's debt burden and coming bond maturities put pressure on the company, and also on Mexico to show its full support. AMLO's energy policy hasn't improved Pemex finances, despite copious cash transfers. Meanwhile peers Petrobras and Ecopetrol are in a better shape, and making efforts to improve enviromental standards. But 2023 also brings challenges operators mainly due to new federal administrations.