Mexico’s crude oil mix was priced at $104.2 per barrel on Oct. 28

Mexico’s export crude mix was priced at $104.2 per barrel on Wednesday, Oct.

28, according to state oil company Pemex.

Pemex publishes the price each day using regional pricing formulas and that day’s market quotes.

The published figure is an estimate for information purposes, not a price Pemex describes as a confirmed sale.

Mexico produces three main crude grades: Maya, Istmo and Olmeca, which differ in density and how they can be refined.

Maya makes up 54% of national oil production, while Istmo accounts for 33% and Olmeca for 12%, according to Pemex figures cited in the story.

Pemex remains the country’s dominant producer, accounting for 98.8% of crude production in 2020; the latest daily price is part of its ongoing updates.