Pemex Oil Exports Plunge in January as AMLO Seeks Fuel Autonomy
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Petroleos Mexicanos’ crude exports plunged in January as President Andres Manuel Lopez Obrador steps up his push to make the country self-sufficient in gasoline and diesel.
The shipments fell nearly 20% from the previous month to 832,000 barrels a day, according to data released Friday by the state oil company. Daily imports of refined oil products also saw a sharp decline of about 21% to 548,200 barrels, while gasoline production increased 6% to 271,200 barrels.