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Global Oil Crisis Is a Physical Supply Emergency: Sparta
By Perla Velasco - Wed, 03/11/2026 - 14:05
The closure of the Strait of Hormuz following the US-Israel military campaign against Iran has removed approximately 20MMb/d from global oil supply.
https://mexicobusiness.news/tag/crude-oil
More Oil & Gas
Mexico's Mix Surges: The Week in Oil and Gas
By Perla Velasco - Fri, 03/06/2026 - 15:47
The conflict between the United States, Israel, and Iran has sent Mexico's crude export blend to its highest level in seven months.
PEMEX Production Hits Decades Low
By MBN Staff - Wed, 01/28/2026 - 12:57
PEMEX ended 2025 with total oil production (crude plus condensates) at 1.635MMb/d, marking a 7% decline year on year.

Mexico Reconsiders Cuba Oil Aid Amid Geopolitical Shifts
By Perla Velasco - Tue, 01/27/2026 - 12:25
PEMEX is reviewing oil shipments to Cuba, a move that underscores mounting geopolitical pressures and realigns the country’s energy diplomacy.
What’s at Stake in the O&G Industry With Maduro’s Capture?
By Perla Velasco - Fri, 01/09/2026 - 11:35
Chevron has increased its loadings of Venezuelan oil as political upheaval and new US–Venezuela arrangements reshape the region’s energy landscape.
OPEC+ Extends Output Cuts as Market Remains Stable
By MBN Staff - Tue, 11/04/2025 - 12:44
Eight OPEC+ countries will reduce oil production by 137Mb/d in December, maintaining supply discipline amid steady market and economic conditions.
PEMEX Contains Oil Spill, Resumes Pipeline and Port Operations
By MBN Staff - Fri, 10/24/2025 - 10:50
PEMEX fully contains an oil spill in Veracruz, recovering over 1 million L of crude and restoring safe operations.
SBM Offshore Begins Construction of FSO for Trion Field
By MBN Staff - Tue, 10/07/2025 - 09:39
SBM Offshore has begun constructing the Chalchi floating storage and offloading (FSO) unit for the Trion field.
PEMEX August Crude Production Down 8%, Active Rigs Drop 43% YoY
By Andrea Valeria Díaz Tolivia - Mon, 09/29/2025 - 10:25
PEMEX posts lower crude output and fewer active drilling rigs in August 2025, while natural gas, refined fuels, and refinery throughput show gains.
PEMEX's Debt Crisis Threatens Oil Production in Mexico
By Rafael Espino - Mon, 09/15/2025 - 06:30
PEMEX's unpaid debt and liquidity issues are impacting its operations, threatening production stability and energy sovereignty, writes Rafael Espino.