The National Hydrocarbons Commission (CNH) recently published total hydrocarbons reserves during 2018. As expected, these decreased, and there is no possible solution for the short or medium term.
Pemex reported its trade balance for December 2018 and this metric stays in the red without a clear solution in the short or medium term. The company has poor operational metrics, forcing it to maintain high import levels to supply local demand. Rocio Nahle, Secretary of Energy (Sener), spoke about this issue.
Pemex metrics continues to fall in terms of production, and there is no solution at least for the short term. In fact, bad news keeps appearing for Pemex, as its main asset Ku-Maloob-Zaap is reporting even less production.
Andres Manuel Lopez Obrador (AMLO) decided to cancel indefinitely new oil rounds in Mexico, arguing that this has not generated positive results for the country. However, the National Hydrocarbons Commission (CNH) reported the production of the oil contracts from past rounds, with positive results.