Mexican crude blend price reported at $81.7 a barrel

Pemex put Mexico’s export crude blend at $81.7 a barrel on Wednesday, November 4.

Pemex, Mexico’s state oil company, publishes a price for the country’s crude in international markets each day.

The figure is an estimate for information only, calculated using regional pricing formulas and the day’s market prices.

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

Maya is the most widely exported Mexican crude, though its heavier quality yields less gasoline and diesel than lighter oil.

Pemex accounted for 98.8% of Mexico’s crude production in 2020, while private companies produced the remaining 1.2%; no further price change or next step is given.