Business · Energy & Commodities · 2 hrs ago
Mexican crude oil blend reaches $103.80 a barrel
Mexico’s export crude blend reached $103.80 a barrel on Thursday, October 29, according to figures published by state oil company Pemex.
The figure is an estimate for information purposes, based on regional pricing formulas and daily market prices.
Pemex remains Mexico’s leading crude producer, while private companies account for a much smaller share of national output.
Mexico produces three main crude types: Maya, Istmo and Olmeca, which differ in density and how they are used.
Maya is heavy crude and the most exported Mexican blend, but it yields less gasoline and diesel than lighter oil.
The price gives a daily snapshot of Mexico’s export crude market, while the different crude types have distinct uses in fuel and other products.
The figures provided do not say what the price will be next.
Mexico’s crude oil blend reached $103.80 per barrel on Thursday, October 29, according to data from state oil company Pemex.
Pemex says the published export crude price is an estimate provided for informational purposes.
The estimate uses regional pricing formulas and the daily close of relevant quotations.
Pemex remains Mexico’s largest crude producer, accounting for 98.8% of national production in 2020.
- Who
- Mexico’s crude oil blend, with pricing data published by Pemex.
- What
- The blend reached $103.80 per barrel.
- When
- Thursday, October 29. The year is not stated in the price report.
- Where
- Mexico.
- Why
- Not stated
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- Price
- $103.80 per barrel
- Price date
- Thursday, October 29
- Price source
- Pemex
- Pemex share of national crude production
- 98.8% in 2020