Closing of the Mexican oil mix this Friday, May 26

Check the price of this day. (Infobae)

The cost of the Mexican oil mix this Friday, May 26, was $64.86 per barrel, according to updated information from Petróleos Mexicanos (Pemex) published every day on its official website.

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The price of the Mexican mix of crude oil for export, published on the Pemex website, is an estimate provided exclusively for informational purposes. The price is estimated using the price formulas by geographic region with the daily closing of the corresponding quotes.

Information from the state oil company’s website indicates that in 2020 production stood at 1,705,000 barrels per day on an annual average, exceeding the average annual production of 2019 by 4,000 barrels per day and thus breaking a 15-year streak of decline in the production.

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Crude oil is classified depending on the API degrees (American Petroleum Institute), considering values ​​less than 30 as heavy and values ​​above 30 as light. In Mexico it is divided into three types depending on its density: Isthmus, Olmec and Maya.

Mexico produces three types of oil: Maya, Olmeca and the Isthmus. (Daniel Becerril / Reuters) It may interest you: Closing of the Mexican oil mix on Monday, May 22

According to Pemex indicators, of the country’s oil production, 54% is considered heavy crude (Maya), 33% light (Istmo) and the remaining 12% corresponds to super-light crude (Olmeca).

It is considered that the Maya blend is the most competitive of the Mexican ones, as it is the one with the highest exports, in addition to being used as a substitute for the other two. Because it is a “heavy” crude, it has a lower yield in the production of gasoline and diesel; however, thanks to this characteristic, it is the main source of energy for the production of energy for domestic use.

The Istmo, being a light crude, can give greater yield in the production of gasoline and intermediate distillates (petroleum derivatives that are obtained in the “medium” boiling range, between 180°C and 360°C).

The Olmeca mixture is considered “extra light”, a characteristic that makes it useful for the production of lubricants and petrochemicals.

Pemex remains the main crude oil producer in Mexico. (Efe/Pemex)

Figures presented by the Association of Banks of Mexico (ABM) indicate that the state productive company exported an average of 140,000 barrels of light crude oil per day in 2020, while that same year the production per day was 1,705,000 barrels. , which represents an estimated four million barrels more than in 2019.

Currently, Pemex continues to be the most important crude oil producer in the national market, contributing 98.8% of the total crude oil production in 2020, while the production of private companies represented only 1.2% of the country’s total.

The foregoing is partly due to the incorporation of 146.5 thousand barrels of production per day from the new fields that began their development in the first half of 2019.

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