The Commission of Economic Competition (Cofece) warned about lack of gas stations in most of Mexico.
Pemex opened the door to mixing ethanol with Magna fuel, as of next year.
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.
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.
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.
Pemex reported its petrochemical production during the second quarter of this year, showing a poor performance. This metric has been steadily declining since 2017.
Energy Reform allowed the entry of new competitors to the Mexican energy market, through free competition. Several brands announced their plans for the gasoline sector and the results have been satisfactory, while Pemex has lagged behind in this new scenario.
Pemex is facing a difficult situation in operational and financial terms, and it seems like bad news continues for NOC. Fuel oil could be a new problem for the firm.
The Energy Regulatory Commission (CRE) reported propane prices for June 2019. This metric has been showing a decrease in recent months.
Companies have announced their plans for Mexico’s retail sector, providing results in the diesel distribution and service stations market.
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