March 31, 2020 – Natural Gas Intelligence
Pemex Crude Export Volumes, Revenue Fall in February, but Worst Still to Come
By Andrew Baker
Crude oil export volumes and revenues for Mexican state oil company Petróleos Mexicanos (Pemex) fell sharply on both a sequential and year/year (y/y) basis in February…
Read the full article here: https://www.naturalgasintel.com/articles/121521-pemex-crude-export-volumes-revenue-fall-in-february-but-worst-still-to-come
… Natural gas markets were still mulling the potential supply and demand impacts of the coronavirus in North America and globally as of Tuesday.
Mexico, a vital outlet for U.S. natural gas exports, has lagged behind other large economies in imposing strict measures to slow the contagion.
However, the government on Monday declared a national health emergency, urging the country’s roughly 129 million habitants to stay home unless absolutely necessary.
Pipeline exports to Mexico had been averaging about 5.7 Bcf/d in March, up 0.7 Bcf/d from March 2019, RBN Energy analyst Sheetal Nasta said in a note published Monday.
