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Mexico replaces state oil chief amid sinking prices

Mexico's president replaced the head of troubled state energy giant Pemex, Emilio Lozoya, amid a steep fall in world oil prices that have caused the company to lose millionsMexico’s president replaced the head of troubled state energy giant Pemex on Monday amid a steep fall in world oil prices that have caused the company to lose millions. Emilio Lozoya, who has led Pemex since President Enrique Pena Nieto took office in December 2012, was succeeded by Jose Antonio Gonzalez Anaya, director of the Mexican Social Security Institute.

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