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Mexico Shuts Largest Oil Export Terminal
Pemex shut down the country’s largest oil-exporting terminal, the FPSO Yúum K’ak’ Náab terminal, on Sunday because of a leak, amidst the summer driving season increases demand for crude according to a shipping report.
- The terminal shut down because of a crude leak in one of its hose trains.
- Last month, Pemex shut its Salina Cruz terminal after hoses loading a ship were blown off by strong winds, and a company gas platform had an explosion that killed two people.
- The FSPO and Salina Cruz are expected to resume service later this week.
- Typically, this time of the year Pemex boosts oil sales to the US to meet demand from the summer driving season.
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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.