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Pemex Offering 5mn Bbls of Mexican Blend Salina Cruz

OIL

Mexico’s state oil company is offering crude oil in the spot market after fires hit half of its refineries.

  • Pemex’s trading unit PMI is offering 5 mn bbls of Mexican Blend Salina Cruz for July.
  • It usually sells any spare oil via long term contracts to US, Europe and Asia.
  • Pemex operated its six refineries in Mexico at 56% of capacity in April, the highest utilization rate in almost six years, a month before half of its refining park was hit by accidents.

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