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AMERICAS OIL: Mexico’s President Claims Its Oil Quality Problem Has Been Solved

AMERICAS OIL
USEnergy BulletsNorth AmericaBulletCommodities

Mexico’s President Claims Its Oil Quality Problem Has Been Solved: oilprice.com

  • President Sheinbaum said at her Thursday press conference that the salt content in Pemex oil has been resolved after several reports had emerged around the salt and water content in Mexican crude.
  • Reports of USGC refiners shunning Mexican crude imports due to excessive water content to the benefit of Colombian and Canadian crude had led to discounts on Maya grade.
  • Maya had water content of as much as 6%, six times above the industry standard.
  • Mexican crude imports fell to the least in 35 years in January at 321k b/d. Pemex is also looking at increasing exports to Europe and Asia due to pending US tariffs.
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Mexico’s President Claims Its Oil Quality Problem Has Been Solved: oilprice.com

  • President Sheinbaum said at her Thursday press conference that the salt content in Pemex oil has been resolved after several reports had emerged around the salt and water content in Mexican crude.
  • Reports of USGC refiners shunning Mexican crude imports due to excessive water content to the benefit of Colombian and Canadian crude had led to discounts on Maya grade.
  • Maya had water content of as much as 6%, six times above the industry standard.
  • Mexican crude imports fell to the least in 35 years in January at 321k b/d. Pemex is also looking at increasing exports to Europe and Asia due to pending US tariffs.