Commodity Market Report

Mexico product markets long-term outlook H1 2020

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30 June 2020

Mexico product markets long-term outlook H1 2020

Report summary

Mexico heads towards the largest economic contraction in almost 25 years. Yet, rather than the impact of the Covid-19 crisis on the Mexican oil market, the real story is how the government has decided to handle the crisis itself. In a market where low crude prices and refining margins are forcing oil companies around to world to reduce crude production and cut refinery runs, Pemex remains committed to increase crude production, build new refinery capacity and increase refining operations.

Table of contents

  • The contraction in total domestic demand in 2020 is tempered by more fuel oil into power
  • Pemex committed to volumetric goals, not profitability
  • Fuel import on the rise, but only after 2025

Tables and charts

This report includes 3 images and tables including:

  • Product demand
  • Refinery supply - Intake
  • Product balances - all supply versus demand

What's included

This report contains:

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    Mexico product markets long-term outlook H1 2020

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