Business · Energy & Commodities · 1 hr ago

Mexican crude export blend priced at $82.70 per barrel

Mexican crude export blend priced at $82.70 per barrel

Mexico’s crude export blend was priced at $82.70 per barrel on Friday, November 13.

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

Pemex describes the export price as an estimate for information, calculated using regional pricing formulas and daily market closing prices.

Mexico produces three crude types: Maya, Istmo and Olmeca, which differ in density and how they are used.

Maya is the most exported Mexican crude and is heavier, while lighter Istmo can yield more gasoline and other fuels.

The price gives a daily reference for Mexico’s crude exports, but no further price movement or next step is stated.

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