The cost of the Mexican oil mix this Monday, September 18, was $87.98 per barrelaccording to updated information from Petróleos Mexicanos (Pemex) published daily on its official website.
The price of the Mexican crude oil export mix, published on the Pemex portal, is an estimate provided exclusively for informational purposes. The price is estimated using the price formulas by geographic region with the daily close of the corresponding quotes.
Information from the state oil company’s website indicates that in 2020 Production stood at 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 decline in production.
Crude oil is classified depending on the API (American Petroleum Institute) degrees, considering values less than 30 as heavy and values above 30 as light. In Mexico it is divided into three types depending on their density: Isthmus, Olmec and Maya.
According to Pemex indicators, of oil production in the country, the 54% is considered heavy crude oil (Maya)he 33% as light (Isthmus) and the The remaining 12% corresponds to super light crude oil (Olmeca).
It is considered that the Mayan mix is the most competitive of the Mexican ones as it is the one with the greatest export, in addition to being used as a substitute mixture for the other two. Because it is a “heavy” crude oil has a lower performance 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 oil, can give higher performance in gasoline production and middle distillates (petroleum products obtained in the “middle” boiling range, between 180°C and 360°C).
The Olmec mix It is considered “extra light”, a characteristic that makes it useful for the production of lubricants and petrochemicals.
Figures presented by the Association of Banks of Mexico (ABM) indicate that the state’s productive company exported an average of 140 thousand barrels of light crude oil per day in 2020, while that same year the production per day was 1 million 705 thousand barrels. , which represents an estimated four million barrels more than in 2019.
At the moment, Pemex continues to be 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 due in part to the incorporation of 146.5 thousand barrels per day of production from the new fields that began their development in the first half of 2019.