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Pemex Reopens Three Gulf of Mexico Export Terminals

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

The terminals at the ports of Cayo Arcas, Dos Bocas and Coatzacoalcos reopened, Mexico’s Merchant Marine said today in weather bulletins on its website. Cayo Arcas and Dos Bocas had been shut since Jan. 11, and Coatzacoalcos closed the following day, 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 rose 15 cents, or 0.2 percent, to $91.54 a barrel at 5:35 p.m. on the New York Mercantile Exchange.

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