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crude oil export Mexican oil (Pemex) fell 37% year-on-year in June and 17% from May, while liquids output continued to decline slightly.
Pemex, which reported a huge gain on Friday, losses in the second quarter, later in the day, reported its monthly figures, which showed liquids production with partners at 1.782 million barrels per day (bpd) in the sixth month, the lowest level since 2024, down from 1.785 million bpd in May and 1.889 million bpd in June 2023.
The company claimed that The depletion of key deposits affects the level of their production.Thus, crude oil production alone in June amounted to 1.50 million barrels per day, as in previous months, and continues to remain at the lowest level in more than four decades.
The debtor oil company’s data showed crude oil exports totaled 754,367 bpd in June, down from 910,791 bpd in May and 1.203 million bpd in June 2023.
He Pemex director Octavio Romerorecently confirmed that the company will reduce imports of fuels such as gasoline and diesel as local refineries process more crude oil and the new Olmeca refinery comes into operation, as well as two cokers.
The country’s six operating refineries processed an average of 867,615 barrels per day in June, up 3% from May and 7.6% from a year earlier, but still far short of the million promised by the government.
These refineries produced 278,284 barrels of oil per day. petrol in June, up 4.5 percent from May, and 158,363 barrels per day of diesel, up 9.7 percent from the previous month. Production of polluting fuel oil rose 20 percent to 303,831 barrels per day.
Pemex said on Friday that its Olmeca refinery will process 100,000 barrels a day in July, while President Andres Manuel Lopez Obrador On Monday, he assured that production would begin on Saturday. However, the oil company and the government have made several statements on the matter, but no product from this work has yet entered the market.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
