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This Mexico situation is absurd
They want to show @Pemex will be increasing production to local refiners. Those refiners ran at like 40-45% last year and are a total joke
Demand is even worse now, Mexican economy is down 10% this year. They’re gonna eat the cut
#OOTT #Opec
They want to show @Pemex will be increasing production to local refiners. Those refiners ran at like 40-45% last year and are a total joke
Demand is even worse now, Mexican economy is down 10% this year. They’re gonna eat the cut
#OOTT #Opec
Mexico demand right now is down at least 30%. Gasoline imports from the US are down huge. Taking the near term production cut is inevitable. The medium term question I get but there’s no way higher Pemex production can make up for reliance on imports from the US
