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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.
OIL
Refinery outages in Mexico leave more barrels available for export in May, after prior plans to direct them towards domestic refinery ramp ups.
- Crude exports from Mexico have been slipping since Q4 of last year as Pemex refineries aim to support Mexican independence from oil product imports as part of departing President AMLO’s ambitions.
- Pemex is reversing crude exports cuts of at least 330,000 bpd planned for May amid smaller-than-expected oil demand by the company's domestic refineries Reuters reported in late April.
- As of late April, Pemex' refineries were processing about 868,000 bpd of crude, according to a Reuters source, adding that all facilities were in service. In March, oil processing averaged 1.06 million bpd according to official figures.
Source: Vortexa
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.
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