Mexican oil export blend closes at $104.70 a barrel

Mexico’s crude export blend was priced at $104.70 a barrel on Monday, October 26.

The price was published by Pemex, Mexico’s state oil company and leading crude producer.

The blend is a reference price for crude oil Mexico exports, calculated using regional pricing formulas and daily market quotations.

Pemex says the published figure is an estimate for information only, not a guaranteed sale price.

Mexico produces three main grades: Maya, Istmo and Olmeca, which differ in density and use.

The price gives readers a daily indicator of the value of Mexican crude exports; no further action or change is specified.