Pemex’s Trading Arm PMI Declares Partial Force Majeure on Fuel
- PMI seeking to delay some deliveries to second half of year
- Backlog of more than 70 tankers; may extend until 4th quarter
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Petroleos Mexicanos’s trading arm PMI has declared a force majeure on some fuel cargoes, deferring other cargoes until later in the year, after measures to contain the coronavirus outbreak pummeled demand.