Commodity Market Report

Mexico product markets long-term outlook H2 2020

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27 January 2021

Mexico product markets long-term outlook H2 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 increasing refining runs.

Table of contents

  • Road and aviation sectors to support demand recovery in the long-term
  • Mexico crude intake will recover from the last 5-year decrease but to a limit of 700,000 b/d
  • With a limited increase in refining runs, Mexico will remain a net importer by 2050

Tables and charts

This report includes 3 images and tables including:

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

What's included

This report contains:

  • Document

    Mexico product markets long-term outlook H2 2020

    PDF 987.11 KB

  • Document

    Mexico H2 20

    XLSX 1.28 MB