Business · Energy & Commodities · 2 hrs ago

Mexico’s crude oil export mix closes at $96.40 per barrel

Mexico’s crude oil export mix closes at $96.40 per barrel

Mexico’s crude oil export mix was priced at $96.40 per barrel on Thursday, Oct.

15, according to state oil company Pemex.

The price is an estimate based on regional pricing formulas and daily market quotations, and is published for information purposes.

Pemex is Mexico’s main crude oil producer, supplying 98.8% of the country’s total output in 2020, while private companies supplied 1.2%.

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

Maya is the country’s most-exported crude and is heavier, while lighter Istmo and extra-light Olmeca can be used to make different fuels and products.

These figures offer a snapshot of the export mix’s price, but no later price or next step is given.

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