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OIL: Mexico to Continue Crude Exports in 2025

OIL
BulletEnergy BulletsCommodities

Mexico will continue exporting its crude in 2025, despite the government’s objective to refine all its oil production, Bloomberg reported citing the Ministry of Finance.

  • The Treasury estimates crude exports of around 892k b/d in 2025, down around 8% on 2024 forecasts, and 10% below what was approved in the Economic Package for this year.
  • The government of Claudia Sheinbaum plans for production of around 1.89m b/d, of which 74k b/d will come from private production.
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Mexico will continue exporting its crude in 2025, despite the government’s objective to refine all its oil production, Bloomberg reported citing the Ministry of Finance.

  • The Treasury estimates crude exports of around 892k b/d in 2025, down around 8% on 2024 forecasts, and 10% below what was approved in the Economic Package for this year.
  • The government of Claudia Sheinbaum plans for production of around 1.89m b/d, of which 74k b/d will come from private production.