Mexican oil blend priced at $104.10 a barrel on October 22

Mexico’s crude oil export blend was priced at $104.10 a barrel on Thursday, October 22, according to Pemex.

The figure is an estimate based on daily market prices and is published for information only.

Pemex is Mexico’s main oil producer, and its crude output made up 98.8% of the country’s total in 2020.

Mexico produces three main types of crude: Maya, Istmo and Olmeca, which differ in density and in the products they can make.

Maya crude is the most widely exported Mexican blend, though its heavy quality produces less gasoline and diesel than lighter crude.

The price gives a daily indication of the value of Mexico’s export blend; no further developments are stated.