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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.
REFINING
Pemex refineries in Mexico ran at an almost 8-year high in March according to official data processed by Bloomberg.
- Pemex’s 6 refineries in Mexico operated at 65.3% of capacity in March – the highest since June 2016. The rates remained above 50% of capacity for the fourth straight month. They have a combined total capacity of 1.627mn bpd.
- Rates for the new Dos Bocas refinery have not been declared but the refinery is expected to start diesel production from May according to reports on Friday – 2 months later than planned.
- Pemex rates are expected to fall in April after fires at two of the refineries which is causing Pemex to export more crude in May than initially planned according to Reuters reports on Friday.
Source: Bloomberg
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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