Pemex publishes Mexican oil mix prices daily. (Infobase)

The cost of the Mexican oil mix this Thursday, February 23 was $65.69 per barrelaccording to updated information from Petróleos Mexicanos (Pemex) published daily on its official website.

The Mexican crude oil mix price for export, published on the Pemex website, is an estimate provided for informational purposes only. The price is estimated using price formulas by geographical area with the daily closing of the corresponding prices.

Information from the state oil company’s website indicates that in 2020 production amounted to one million 705 thousand barrels per day annual average, exceeding the average annual production of 2019 by four thousand barrels per day and thus breaking a 15-year streak of declining production.

The state-owned company reports daily on the prices of Mexican crude oil on the international market (Luis Cortés/ Reuters)
The state-owned company reports daily on the prices of Mexican crude oil on the international market (Luis Cortés/ Reuters)

According to Pemex indicators, of the country’s oil production, the 54% is considered heavy crude (Maya)he 33% as light (isthmus) and the The remaining 12% is super light crude oil (Olmec).

It is considered that the Maya mix is ​​the most competitive Mexicans because it is the one that exports the most, in addition to being used as a substitute mixture for the other two. Because it is a “heavy” crude It has a lower efficiency in the production of gasoline and dieselHowever, thanks to this characteristic, it is the main source of energy for the production of energy for domestic use.

the isthmusbeing a light crude, can give higher performance in gasoline production and intermediate distillates (petroleum products obtained in the “medium” boiling range, between 180°C and 360°C).

Pemex remains the main crude oil producer in Mexico.  (Efe/Pemex)
Pemex remains the main crude oil producer in Mexico. (Efe/Pemex)

Figures presented by the Association of Banks of Mexico (ABM) indicate that the state production company exported an average of 140,000 barrels of light crude oil per day in 2020, while that same year production per day was of 1,705,000 barrels, which is an estimate. four million barrels more than in 2019.

Currently, Pemex remains the most relevant crude oil producer in the national market, contributing 98.8% of the total crude oil production in 2020, while the production of private companies represented only 1.2% of the country’s total.

The above is partly due to the incorporation of 146.5 thousand barrels per day of production from the new fields that began development in the first half of 2019.

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