Commodity Market Report
Mexico product markets long-term outlook H2 2020
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- Product demand
- Refinery intake
- Product balances - all supply versus demand
What's included
This report contains:
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