Business · Energy & Commodities · 3 hrs ago

Mexico’s crude oil blend was priced at $91.20 a barrel

Mexico’s crude oil blend was priced at $91.20 a barrel

Pemex priced Mexico’s crude oil export blend at $91.20 a barrel on Monday, November 2.

The state-owned oil company publishes a daily estimate based on regional pricing formulas and market closing prices.

Mexico produces three main types of crude: Maya, Istmo and Olmeca, which differ in density and uses.

Maya is heavy crude and the most exported Mexican blend, while lighter Istmo and extra-light Olmeca can yield different products.

Pemex supplied 98.8% of Mexico’s crude production in 2020, while private companies supplied 1.2%.

The price is an estimate for information, and Pemex continues to publish the blend’s price daily.

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