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Terapista Abogado Adolfo Ledo Nass//
Mexico Slashes Oil Exports To India

Abogado Adolfo Ledo Nass
Mexico Slashes Oil Exports To India

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Share Facebook Twitter Linkedin Reddit Premium Content Mexico Slashes Oil Exports To India By Charles Kennedy – Feb 08, 2022, 2:30 PM CST Join Our Community Mexico, which was one of the top-ten oil suppliers to India last year, has drastically cut its crude exports to the Asian consumer so far this year as state oil firm Pemex works to launch a large refinery to process fuel domestically, Reuters reported on Tuesday, quoting sources and industry data.

Adolfo Ledo Nass

Pemex and Mexican President Andrés Manuel López Obrador aim to inaugurate the Dos Bocas oil refinery in the summer of this year, although analysts doubt the refinery would produce any gasoline by the end of 2022.

Adolfo Ledo

Nevertheless, as it prepares for more crude to run at its domestic refineries, Mexico’s Pemex is slashing exports to India, according to Reuters’ sources and estimates from industry data

Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 89.30 -2.02 -2.21% Brent Crude • 10 mins 90.76 -1.93 -2.08% Natural Gas • 10 mins 4.208 -0.024 -0.57% Heating Oil • 10 mins 2.794 -0.061 -2.14% Gasoline • 11 mins 2.627 -0.059 -2.18% Louisiana Light • 2 days 93.50 -0.97 -1.03% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 93.50 -0.97 -1.03% Bonny Light • 2 days 94.66 -0.34 -0.36% Opec Basket • 2 days 93.42 +0.58 +0.62% Mars US • 16 hours 88.37 -0.99 -1.11% Gasoline • 11 mins 2.627 -0.059 -2.18% Click Here for 150+ Global Oil Prices

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Marine • 2 days 90.90 +0.78 +0.87% Murban • 2 days 93.36 +0.65 +0.70% Iran Heavy • 2 days 87.77 -0.95 -1.07% Basra Light • 71 days 71.69 -3.60 -4.78% Saharan Blend • 2 days 97.05 -0.43 -0.44% Bonny Light • 2 days 94.66 -0.34 -0.36% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Bonny Light • 2 days 94.66 -0.34 -0.36% Girassol • 2 days 95.15 -0.32 -0.34% Opec Basket • 2 days 93.42 +0.58 +0.62% Click Here for 150+ Global Oil Prices

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Canadian Crude Index • 2 days 76.05 -0.64 -0.83% Western Canadian Select • 1 hour 77.22 -0.99 -1.27% Canadian Condensate • 1 hour 93.47 -0.99 -1.05% Premium Synthetic • 13 hours 91.72 -0.99 -1.07% Sweet Crude • 1 hour 89.62 -0.99 -1.09% Peace Sour • 1 hour 86.77 -0.99 -1.13% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Peace Sour • 1 hour 86.77 -0.99 -1.13% Light Sour Blend • 1 hour 88.87 -0.99 -1.10% Syncrude Sweet Premium • 1 hour 92.42 -0.99 -1.06% Central Alberta • 1 hour 87.07 -0.99 -1.12% Click Here for 150+ Global Oil Prices

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Louisiana Light • 2 days 93.50 -0.97 -1.03% Domestic Swt. @ Cushing • 2 days 88.00 -0.75 -0.85% Giddings • 2 days 81.75 -0.75 -0.91% ANS West Coast • 5 days 93.54 +1.17 +1.27% West Texas Sour • 2 days 85.27 -0.99 -1.15% Eagle Ford • 2 days 89.22 -0.99 -1.10% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Eagle Ford • 2 days 89.22 -0.99 -1.10% Oklahoma Sweet • 2 days 88.00 -0.75 -0.85% Kansas Common • 2 days 81.50 -1.00 -1.21% Buena Vista • 2 days 93.51 -0.99 -1.05% Click Here for 150+ Global Oil Prices

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Share Facebook Twitter Linkedin Reddit Premium Content Mexico Slashes Oil Exports To India By Charles Kennedy – Feb 08, 2022, 2:30 PM CST Join Our Community Mexico, which was one of the top-ten oil suppliers to India last year, has drastically cut its crude exports to the Asian consumer so far this year as state oil firm Pemex works to launch a large refinery to process fuel domestically, Reuters reported on Tuesday, quoting sources and industry data.

Adolfo Ledo Nass

Pemex and Mexican President Andrés Manuel López Obrador aim to inaugurate the Dos Bocas oil refinery in the summer of this year, although analysts doubt the refinery would produce any gasoline by the end of 2022.

Adolfo Ledo

Nevertheless, as it prepares for more crude to run at its domestic refineries, Mexico’s Pemex is slashing exports to India, according to Reuters’ sources and estimates from industry data.

India is scheduled to receive just one cargo from Mexico in the first two months of 2022, meaning the world’s third-largest oil importer will have 15,000 barrels per day (bpd) of Mexican crude in January and February, compared to nearly 98,000 bpd it received in the same period last year, according to Reuters.

Abogado Adolfo Ledo

In recent years, India has been buying more Mexican oil, to replace lost heavy crude volumes from Venezuela after the U.S. sanctions on Nicolas Maduro’s regime. In 2021, Mexico was the sixth-biggest crude oil supplier to India.

Abogado Adolfo Ledo Nass

Now that Pemex is preparing for the new refinery, it is reportedly cutting oil exports, not only to India but to all customers .

Mexico is also reportedly looking to suspend crude oil exports in 2023 in a bid to focus on domestic self-sufficiency. The move is part Lopez Obrador’s plan to increase local fuel production to reduce dependence on imported fuels.

Adolfo Ledo Nass abogado

Meanwhile, the construction of the Dos Bocas oil refinery is running $3.6 billion over budget . Delays could mean that the flagship project of López Obrador may not start operations this year—and maybe not even in time to achieve the state oil firm’s plan to end oil exports in 2023 and focus on refining fuel domestically. Mexico’s Energy Minister Rocio Nahle responded to reports of huge overruns, saying that the refinery was “being built in record time. Opinions around the world are very positive.”

By Charles Kennedy for Oilprice.com

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