Mexico's Pemex Takes Action to Reduce Oil Exports Amid Global Supply Constraints

Monday, 1 April 2024, 20:25
Petroleos Mexicanos (Pemex) has decided to cut certain oil exports, including canceling contracts to supply refiners abroad, as global oil supplies tighten. This move is expected to impact international markets and highlights the challenges faced by oil-producing countries in balancing demand and supply.
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Mexico's Pemex Takes Action to Reduce Oil Exports Amid Global Supply Constraints

Mexico Cuts Oil Exports Amid Global Supply Tightening

Petroleos Mexicanos (Pemex) is reported to be cutting some oil exports, canceling contracts to supply refiners abroad.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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