Petróleos Mexicanos (Pemex), Mexico’s state-run oil giant, dramatically reduced its crude exports to unprecedented levels. This strategic shift supports the government’s plan to refine more oil domestically, including at the new Dos Bocas refinery. In March 2024, Pemex’s daily crude exports plummeted to 686,800 barrels, the lowest since record-keeping began in January 1990. This marked […]
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