Posts tagged ‘Pemex’

Maria-Eugenia Garcia and Pat Harrington
Editors, Americas crude oil markets

Latin American crude exports to USGC see small gains amid coronavirus upheaval

June 11, 2020 13:06 UTC

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Latin American countries, excluding Venezuela and Argentina, have slightly increased crude exports to the US Gulf Coast market in 2020 to date, despite fierce competition from Canadian and Middle East producers.

In the first five months of 2020, Mexico, Colombia, Ecuador, Brazil and Guyana exported a total of 148 million barrels of crude to refineries located in the US Gulf Coast, US Customs Bureau and S&P Global Platts Analytics data showed. That was up 1.3% from 146 million barrels recorded in the same period of 2019.

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crude quality, ExxonMobil, IMO 2020, Latin America, oil, Pemex, refining, USGC

Maria Eugenia Garcia
Senior editor, oil

Mexico sends rare cargoes of medium sour crude Isthmus to USGC

January 30, 2020 10:23 UTC

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Mexican state-owned oil producer Pemex exported three separate cargoes of the Mexican medium sour crude Isthmus to the US Gulf Coast between December and January.

Low operating rates at some of Pemex’s refineries are thought to have freed up barrels of Isthmus crude. At the same time, refineries on the USGC have been looking for alternatives to Venezuelan crudes following the imposition of sanctions last year.

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Chevron, Citgo, Mexico, oil, Pemex, refining, Valero

Ryan Ouwerkerk and Sarah Schneider

More than a year later, how has Mexican natural gas pricing evolved?

September 20, 2018 06:00 UTC

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In June 2017, Mexico’s Energy Regulatory Commission (CRE) announced the elimination of the maximum price of natural gas, known as the first-hand price, or the VPM. Instead of using this price cap formula, the state-owned oil and natural gas company, Petroleos Mexicanos (Pemex), alongside independent market participants, would determine prices based on market conditions.

More than a year later, how does the Mexican market look from a pricing perspective?

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markets, Mexico, natural gas, Pemex, prices

Daniel Rodriguez
Foreign correspondent with Platts

Mexico could take multiple paths toward energy self-sufficiency: Fuel for Thought

August 13, 2018 08:01 UTC

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Mexico President-elect Andres Manuel Lopez Obrador has planned sweeping changes to the country’s energy landscape. Among the key goals of the incoming administration is to make Mexico self-sufficient when it comes to its energy needs, including meeting its rising motor fuel demand.

A capstone to Lopez Obrador’s plan is construction of a new refinery that will end Mexico’s dependency on imports of refined products and cut domestic prices.

However, considering Mexico’s tight public finances and state-owned Pemex’s unsustainable debt levels, there are many
alternatives to building a new refinery the incoming government could evaluate.

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Andres Manuel Lopez Obrador, crude oil, Mexico, Pemex, refining

Marcela Duenas
Market Engagement Manager, Mexico

Mexican energy sector’s nervous wait for new president to take office

July 18, 2018 05:01 UTC

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After Andres Manuel Lopez Obrador won Mexico’s presidential elections on July 2, industry participants and investors have been wondering what the future holds for the energy sector in Mexico.

It is still unclear what the position of Lopez Obrador — known widely as AMLO — will be when once he takes office on December 1, as his campaign was marked by contradictions.

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energy reform, gasoline prices, Lopez Obrador, Mexico, Pemex, politics

Annette Hugh
Director, Americas market development

Mexico’s upcoming presidential election keeps uncertainty in the air for energy reform: Baker Institute

February 22, 2018 12:01 UTC

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A slowdown versus a reversal of Mexico’s energy reform legislation is the most likely scenario to emerge following July’s presidential election, according to a number of Mexico energy experts gathered February 15 at the Baker Institute, where they discussed the state of the country’s energy reform and how that law will be shaped after this year’s July elections.

Speaking at the event dubbed “Political Uncertainty and Mexico’s Energy Reform” were Jesus Reyes-Heroles, former Pemex CEO and former energy secretary of Mexico, and now heading his own consultancy; Miriam Grunstein, chief energy counsel for Brilliant Energy Consulting; Lourdes Melgar, former Mexican deputy secretary of energy for hydrocarbons and now a research affiliate with the Massachusetts Institute of Technology; Pablo Zarate, with FTI Consulting; and Francisco Monaldi of the Baker Institute and moderator of the discussion.

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election, energy reform, geopolitics, Latin America, legislation, Mexico, natural gas, Pemex, politics

Daniel Rodriguez
Foreign correspondent with Platts

Politics and policy in Mexico: Energy reform in question if Lopez Obrador wins presidency

January 29, 2018 04:01 UTC

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Figuring out leading Mexico presidential candidate Andres Manuel Lopez Obrador isn’t easy. The populist is a riddle, the answer to which will be critical for the future of Mexico’s energy policy.

This is the third time the former head of the Mexico City government has thrown his hat into the presidential race. This time around, vote splitting from the other three presidential candidates could roll out the red carpet for Lopez to win the July election.

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energy reform, Mexico, oil and gas, oil production, Pemex

Daniel Rodriguez
Foreign correspondent with Platts

Fees, delays on Pemex open season puzzle Mexico’s gasoline market investors

August 11, 2017 05:01 UTC

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Pemex has yet to announce the next phase of its refined products logistics open season, which could be impacting investment decisions on new midstream projects in Mexico, according to sources.

Mexico’s petroleum liberalization does not call for the sale of Pemex logistics assets. But the use Pemex’s existing pipeline and storage infrastructure is being auctioned off in phases under three-year use contracts.

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gasoline, investment, Mexico, midstream, oil, oil products, Pemex, refined products, SENER, Transportation

Daniel Rodriguez
Foreign correspondent with Platts

Mexico turns to the Jurassic era for shale oil: Fuel for Thought

February 20, 2017 05:01 UTC

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Mexico’s plans to develop its shale oil resources have finally taken a step forward following years of largely fruitless efforts by the state owned company Pemex.

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Chesapeake Energy, Eagle Ford, exploration, Latin America, Mexico, Pemex, shale oil

Ronald Buchanan
Mexico correspondent

Preserving Pemex reforms in the post-Peña Nieto era of Mexico: Fuel for Thought

July 25, 2016 05:01 UTC

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Enrique Peña Nieto is scrambling to save the legacy of his much-lauded reform of Mexico’s oil industry as the doors of Mexico’s political cycle close on the president amid electoral defeats, political violence and a tough global environment for the oil industry.

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finances, Mexico, Pemex, Policy, production

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