Business · Energy & Commodities · 2 hrs ago

Mexican oil blend price set at $103 a barrel on Tuesday

Mexican oil blend price set at $103 a barrel on Tuesday

Mexico’s export crude blend was priced at $103 a barrel on Tuesday, October 27.

Pemex publishes the price each day on its website.

The company says the figure is an estimate for information purposes, calculated using regional pricing formulas and daily market closing prices.

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

Pemex remains Mexico’s main crude producer; in 2020, it accounted for 98.8% of the country’s production, while private companies produced 1.2%.

The price is a published estimate, and no further action or change is stated.

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