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pemex refinery halts production threatening fuel import reduction efforts
Pemex's Olmeca refinery, the largest in Mexico, halted production in September, processing no crude oil and jeopardizing the country's goal to reduce fuel imports. Overall, Mexico's seven refineries operated at just 43.9% capacity, the lowest in 11 months, while US fuelmakers approached 90% utilization.
pemex reports significant third quarter loss under new ceo rodriguez
Pemex reported a significant loss of 161.3 billion pesos ($8.1 billion) in the third quarter, worsening from a 79.1 billion-peso loss the previous year. This decline is attributed to slumping sales, currency fluctuations, and other challenges, raising concerns for President Claudia Sheinbaum's leadership team.
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