Free Trial
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.
OIL
Pemex increased its refinery runs in December but is struggling to return utilisation rates to levels seen before a spate of fires, according to Bloomberg.
- Utilisation rates rose to 50.6% in December, the highest level since April.
- Half of the company’s refineries were hit by fires in May. Prior to the fires, utilisation rates averaged 56.2%.
- Mexico’s six refineries have name plate total capacity of 1.627m b/d.
- Refineries processed 792k b/d in 2023, down 2.9% on the year.
- The new 340k b/d Olmeca refinery began operations in September, but Pemex did not disclose data for it. Mexico’s President said on X that it should start producing fuels by Feb. 28.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok