Puerto Vallarta News

Puerto Vallarta News

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Crude exports from Mexico’s Pemex jump 11.4 in May

Crude oil exports from Mexican state-owned oil company Pemex rose 11.4 percent in May compared to the prior month, while output was largely unchanged, the company said on Thursday.

Pemex [PEMX.UL] data showed average crude oil exports rose to 1.204 million barrels per day (bpd) from 1.081 million in April.

Sales to the Far East - which includes Japan, China, India and South Korea - jumped 74 percent last month to 373,000 bpd, while sales in the Americas, mostly to the United States, dropped 11 percent to 593,000 bpd.

Pemex officials told Reuters that they . . .

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