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PEMEX Achieved MX$106 Billion in Profits in 4Q23
By Perla Velasco - Mon, 03/04/2024 - 10:26
PEMEX closed 4Q23 with significant profits despite debt challenges.
https://mexicobusiness.news/tag/fuel-oil
More Oil & Gas
IMCO Discusses PEMEX’s Potential Risk to Public Finances
By MBN Staff - Mon, 02/19/2024 - 09:45
Jesús Carrillo, Director of Economics, IMCO, says that the tax relief granted to PEMEX signals deterioration of the company.
PEMEX Reports Profits in 1H23
By Perla Velasco - Mon, 08/07/2023 - 16:16
For the second year in a row, PEMEX has reported net profit in 1H23, according to IMCO.
PEMEX Debt Fuels Corruption
By Perla Velasco - Thu, 07/27/2023 - 10:14
PEMEX's debt situation has fueled a shadow market where individuals claim to expedite backlogged payments in exchange for bribes.
Fuel Oil Demand Grows
By Perla Velasco - Fri, 07/21/2023 - 15:32
Fuel oil demand reached its highest level in two years, experiencing a remarkable 64% month-on-month and 30% year-on-year growth in June 2023.
PEMEX Fails to Reach Production and Refining Targets in 2022
By Perla Velasco - Wed, 01/25/2023 - 16:39
PEMEX’s production registers one of the lowest levels in the past four decades. Private production did not meet its target either.
PEMEX Announces US$12 Billion Spending on Environmental Strategy
By Perla Velasco - Thu, 12/15/2022 - 16:47
PEMEX announced an investment of US$11.97 billion to deploy environmental actions for its 2023-2028 Business Plan.
Fuel Market Shows Signs of Freer Competition
By Perla Velasco - Thu, 12/08/2022 - 10:11
While TotalEnergies abandoned the management of various gas stations, according to ONEXPO, these changes are signs of a freer market.
PEMEX Gasoline Market Perspectives: An Update
By Jorge Antonio Juárez - Mon, 11/07/2022 - 13:00
Will the administration win its bet in modernizing the NRS to help balance PEMEX’s foreign currency account? Jorge Juarez tales a look.
PEMEX Increased its Fuel Oil Production
By Perla Velasco - Fri, 10/14/2022 - 12:33
Despite plans to lower fuel oil production, PEMEX increased its refining by 2 percent month-over-month.