MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LATAM Daily Oil Summary: Pemex Cutting Crude Exports

OIL

Mexico’s Pemex is planning to cut crude exports to customers in the US, Europe and Asia by at least 330kbpd in May, sources told Reuters.

  • However, it is unlikely that the 340k b/d Olmeca refinery will commence operations in April as promised by Mexico’s president AMLO, as the refinery has not yet met several deadlines established by both Pemex and the government, Argus said.
  • While Pemex may be able to process 1m b/d of crude in 2024, a nine-year high, its refineries continue to have operational issues, Argus added.
  • The impact of oil products out of the Pemex Olmeco refinery (also known as Dos Bocas) will be felt from the second half of 2024 onwards according to FGE.
  • Venezuela's former oil minister, Tareck El Aissami, has been arrested in a corruption probe into state oil company PDVSA, the attorney general said April 9. Venezuelan finance minister Simon Zerpa was also detained.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.