Pemex Reopens Two Gulf of Mexico Oil Export Terminals

Petroleos Mexicanos, the state-owned oil company, reopened two Gulf of Mexico oil export terminals after weather conditions improved.

The terminals at the ports of Dos Bocas and Coatzacoalcos reopened, Mexico’s Merchant Marine said today in a weather bulletin on its website. The port of Cayo Arcas, which is closed, has been shut since Jan. 11, the agency said.

Mexico, the largest supplier of oil to the U.S. after Canada, exported a total of 1.617 million barrels of crude a day in November, according to Energy Ministry statistics. About 84 percent of the crude went to the U.S.

Pemex’s Gulf of Mexico ports occasionally close during the hurricane season and winter because of storms. The Merchant Marine didn’t elaborate on weather conditions that forced the closures.

The company exported 958,798 barrels a day from Cayo Arcas, 156,514 barrels a day from Coatzacoalcos and 99,196 barrels a day from Dos Bocas last year.

Crude oil for February delivery dropped 19 cents, or 0.2 percent, to $91.21 a barrel at 12:16 p.m. on the New York Mercantile Exchange. Futures have risen 3.6 percent this week and 15 percent in the past year.

To contact the reporter on this story: Carlos M. Rodriguez in Mexico City at carlosmr@bloomberg.net.

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.

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