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Eye on Pemex

Pemex trade balance in 3Q18

Pemex trade balance in 3Q18

Pemex reported its trade balance for the third quarter of this year and its performance continues in the red. The company has poor operational metrics, forcing it to increase imports to supply local demand. However, the company has reduced its deficit in recent months.

Wednesday, November 21st, 2018
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Braskem will not renegotiate its ethane supply contract with Pemex

The firm does not plan to renegotiate a 20-year contract to supply ethane to Pemex, but is open to discussing alternatives with the new government.

 

Thursday, November 15th, 2018
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Competition is growing rapidly

Pemex monopoly is slowly fading away. To date, the firm competes with 56 new players that have arrived to the Mexican market. The development of these and more stories in our periodic Retail summary.

 

Thursday, November 15th, 2018
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Pemex monopoly, still around?

Despite the arrival of new players to the Mexican market, the NOC has received the majority of the contracts signed during oil Rounds.

 

Wednesday, November 14th, 2018
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Natural gas production in September

Natural gas production in September

The NOC reported natural gas production metrics for September showing a recovery compared to same period last year, but insufficient to solve the current crisis. A region in Tabasco is preparing to boost investments in the natural gas sector.

Tuesday, November 13th, 2018
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Pemex fuel revenues

Pemex fuel revenues

Pemex has reported poor operational metrics in the refining sector, especially in fuel production. The NOC’s revenues had reported a good performance, thanks to the increase in prices, but the trend is changing.

Monday, November 12th, 2018
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Pemex subsidiaries scandal

The Superior Audit of the Federation (ASF) has made complaints about possible irregularities in the cash management of Pemex subsidiaries abroad. Rocio Nahle Garcia, AMLO’s Secretary of Energy (Sener), spoke on this topic.

Monday, November 12th, 2018
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Jet fuel market crisis

Jet fuel market crisis

The Pemex refining crisis is affecting several sectors in Mexico and the company has not yet announced a strategy to solve it in the short term. The jet fuel market is increasing is dependence on imports due to Pemex ‘s lack of capacity to serve local demand.

Thursday, November 8th, 2018
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Pemex oil exports in 3Q18

Pemex oil exports in 3Q18

Pemex reported oil export figures for the third quarter of 2018 and these decreased compared to previous quarter. Shipments increased considerably to the United States, counteracting decreases to other regions. The Far East continues as the second destination for Mexican crude.

Tuesday, November 6th, 2018
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Is that the real problem?

Better oil prices do not bring entirely better news for Pemex, as they negatively impacted what the NOC pays for imports to supply the national demand.

Friday, November 2nd, 2018
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