Reuters exclusively reported that Mexico’s state energy company, Pemex, is planning to cut at least 330,000 barrels per day (bpd) of crude exports in May, leaving customers in the United States, Europe and Asia with a third less supply.
Energy
Mexico to cut at least 330,000 bpd of crude exports in May
08 April 2024, 6:16 pm 1 minute
Market Impact
Pemex has no option other than applying monthly cuts to exports after its crude production in February fell to the lowest level in 45 years and the country’s refineries, including a new facility in the port of Dos Bocas, began taking in more crude oil.
Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Countries: Mexico
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
