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Pemex Reports Surplus of $16.62 Billion in Crude Oil Trade

Strategic Insights

— 1 min read

In a remarkable turn of events, Petroleos Mexicanos (Pemex) has announced a surplus of $16.62 billion in its trade of crude oil, petroliferous products, petrochemicals, and natural gas between January and November. This surplus marks a year-on-year increase of 28.9%, with exports reaching $21.50 billion and imports totaling $4.88 billion. The majority of Pemex's exports were shipped to North and Latin America, Europe, and the Middle East, with these regions purchasing an average of 1.86 million barrels of crude oil per day.

Key Takeaways:

  • Pemex reported a surplus of $16.62 billion in crude oil trade between January and November, representing a 28.9% year-on-year increase.
  • Exports of crude oil, petroliferous products, petrochemicals, and natural gas reached $21.50 billion, with imports totaling $4.88 billion.
  • The majority of Pemex's exports were shipped to North and Latin America, Europe, and the Middle East, which purchased an average of 1.86 million barrels of crude oil per day.
  • Refined oil exports generated $1.79 billion, with imports totaling $3.28 billion.
  • Petrochemical products brought in $200.9 million, an increase of 51.2% compared to the same period in 2003.
  • Imports of natural gas climbed by 11.7% year-on-year, reaching $1.55 billion through November.
  • Pemex's average daily exports of crude oil to North and Latin America, Europe, and the Middle East were 1.86 million barrels.

Statistics:

  • $16.62 billion: Pemex's surplus in crude oil trade between January and November.
  • 28.9%: Year-on-year increase in Pemex's surplus in crude oil trade.
  • $21.50 billion: Exports of crude oil, petroliferous products, petrochemicals, and natural gas.
  • $4.88 billion: Imports of crude oil, petroliferous products, petrochemicals, and natural gas.
  • 1.86 million barrels: Average daily exports of crude oil to North and Latin America, Europe, and the Middle East.
  • $1.79 billion: Revenue from refined oil exports.
  • $200.9 million: Revenue from petrochemical products.
  • 51.2%: Year-on-year increase in revenue from petrochemical products.
  • $1.55 billion: Imports of natural gas through November.

Sources:

  • Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX
  • Internet Securities, Inc. via COMTEX News Provided by COMTEX (http://www.comtexnews.com)

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