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Pemex Shuts Third Crude Export Terminal as Bad Weather Persists

Petroleos Mexicanos, Mexico’s state-owned oil company, closed a third oil export terminal, Cayo Arcas, because of bad weather, the country’s Merchant Marine said today on its website.

Oil export terminals Coatzacoalcos and Dos Bocas, which were reported closed yesterday, remain shut, the Merchant Marine said in the report. All three are on or near the Gulf of Mexico.

Pemex, as the oil company is known, is the third-largest supplier to the U.S., exporting about 1.3 million barrels of crude a day in December. Canada is the largest supplier of crude to the U.S., followed by Saudi Arabia.

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