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Downstream & Pricing

Pemex’s import / export dilemma

The NOC will need to import more oil or export less crude, if it intends to ‘feed’ the seven refineries that Mexico will have in 2024.

 

Tuesday, October 15th, 2019
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Mexico importing oil again?

Mexico importing oil again?

Pemex had to import light oil to send to the National Refining System (SNR) last year. Andres Manuel Lopez Obrador (AMLO), President of Mexico, opposed this alternative, and he argued that this was not going to happen again. However, it looks like the NOC has imported light crude yet again.

Monday, October 14th, 2019
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Companies are taking over the retail market

New players have doubled their gasoline and diesel imports to Mexico, while Pemex’s import metrics decreased. The development of these and more stories in our periodic Retail summary.

Thursday, October 10th, 2019
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Refining production goal

Refining production goal

The government of Andres Manuel Lopez Obrador (AMLO) has taken several measures to solve the operational and financial crisis of Pemex. The Mexican government continues to show its optimism about the possible results in the short term. This time, Rocio Nahle, Secretary of Energy (Sener), talked about the refining production goal for this year.

Monday, September 23rd, 2019
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Not enough gas stations

The Commission of Economic Competition (Cofece) warned about lack of gas stations in most of Mexico.

 

Thursday, September 19th, 2019
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Pemex to mix ethanol with Magna

Pemex opened the door to mixing ethanol with Magna fuel, as of next year.

 

Tuesday, September 17th, 2019
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Nahle on refining production

Nahle on refining production

The Mexican government continues to show its optimism about the recovery of Pemex’s operational metrics. Rocio Nahle, Secretary of Energy (sener), spoke about the expectations of refining production by the end of this year.

Tuesday, September 10th, 2019
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Risks for Mexico’s credit rating

The government of Andres Manuel Lopez Obrador (AMLO) has committed to solving the Pemex crisis, but this could have an effect on the country’s credit rating. Moody’s talked about this situation.

Monday, September 9th, 2019
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Fuel imports decreased

Fuel imports decreased

The Secretary of Energy (Sener) reported data on fuel imports for July 2019. Finally, the entity included imports of private companies, but their participation is small compared to Pemex.

Wednesday, August 28th, 2019
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Petrochemical production problems

Pemex reported its petrochemical production during the second quarter of this year, showing a poor performance. This metric has been steadily declining since 2017.

Tuesday, August 20th, 2019
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