of Mexican blended crude oil price reached $55.96 per barrel This Thursday, November 13th, According to updated data Every day on the official website, Mexican Petroleum (Pemex).
Mexican crude oil export mix prices published on the Pemex portal are estimates provided for information purposes only. Prices are estimated using price formulas for each geographic region using the daily closing prices of the corresponding quotes.
According to information from the national oil company’s website, in 2020 Production reached 1,705,000 barrels per day Annual average production is 4,000 barrels per day higher than the average annual production in 2019. This halted 15 consecutive years of declining production.
Crude oil is classified according to its API (American Petroleum Institute) rating, with values below 30 being considered heavy and those above 30 being light. In Mexico, it is divided into: There are three types depending on density: Isthmus, Olmec, and Maya.
According to Pemex indicators, domestic oil production is 54% is considered heavy crude oil (Maya)he As light 33% (Isthmus) and The remaining 12% corresponds to ultra-light crude oil (Olmeca).
It is thought that Mayan mixture is the most competitive In addition to being used as a substitute mixture for the other two, the Mexican one is the most exported. Because it’s “heavy” crude oil Gasoline and diesel production capacity is lowHowever, thanks to this property, it has become the main energy source for household energy production.
isthmusSince it is a light crude oil, Improving gasoline production performance Middle distillates (petroleum products obtained in the “middle” boiling range between 180°C and 360°C).
of olmec mix It is considered to be “ultra-light” and its properties are Useful in the production of lubricants and petrochemical products.
In 2023, Pemex experienced the following: Increase in hydrocarbon productionreaching an average annual production of 1.855 billion barrels of oil per day. This amount represents an increase of 5.1% and the equivalent of 91,000 barrels per day compared to the 1.764 billion barrels produced throughout 2022.
Figures released by the state’s producers in December show that production did not fall below 1.8 million barrels per day in 2023. In the last month of this year Daily production was 1.826 billion barrelson average.
The increase in production is mainly due to the commissioning of wells, especially in new fields. Keski and Tupilco. In January 2023, the state’s producers exceeded the 1.8 million barrel per day threshold, reaching their six-year maximum extraction capacity and remaining there for the rest of the year.
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