Insight
Mexico´s crude dilemma: to import or not to import?
Report summary
Pemex will import 1.4 million b/d of Bakken crude in November and December 2018. The crude, sold by P66, will be refined in Salina Cruz with the goal of maximising gasoline production. This report analysis the economics of this decision: Why Bakken? Why now? Are crude imports creating value for Pemex? Will they put a dent on gasoline imports? Is this strategy better than importing gasoline instead? Looking at 2019, crude imports from the US are unlikely to continue under the new administration, increasing the risks that refinery utilization in Mexico could remain capped at 36%. The combination of no crude imports and potential refinery maintenance announced by the new administration could provide an additional upside for US refiners to export gasoline to Mexico.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global products market weekly: Refining margins ease as crude continues to climb on geopolitical tensions
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Insight
US upstream in brief: Equinor sheds last operated Lower 48 asset in EQT swap
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Commodity Market Report
Global products market weekly: Refining margins ease as naphtha cracks continue to weaken
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
