Free Trial
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.
REFINING
The impact of oil products out of the Pemex Olmeco refinery (also known as Dos Bocas) will be felt from the second hald of 2024 onwards according to FGE.
- It forecasts higher fuel oil production until July before the introduction of the FCC and coker begin producing lighter ends. (see chart for further details.)
- It forecasts the refinery will operate ~70% by the end of the year.
- 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 reported earlier.
Source: FGE
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok