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Saturday, September 04, 2010
05:03 PM
Mexico Central Time
MARKETS AND DATA: US
Dollar: $13.18 Euro: $16.84 Gold: $20,638 Silver: $311 Mex
Crude: US$68.73 Cetes
28: 4.48%
Energy Industry
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posted 2009-05-28 Crude Oil on record high Mexican Crude Oil price beat barrier of the US$60 per barrel. For the first time since Black October the crude oil prices have returned to a continuous escalade. The price reported US$61.17 almost doubles the prices shown in December 2008. |
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PEMEX steady Jan-May results
June 20, 2009. 18:22
PEMEX performance in the first five months of 2009.
The daily production was 2.650 million barrels; slightly below the company´s year projection of 2.7 million barrels per day.
The average export price in May was US$55.71 per barrel, the best monthly price since Black October, and close to the government 2009 budget estimation of US$70.
The exports revenue in the period of January-May 2009 totaled US$8.195 million, a 59% lower than the same period of 2008. A similar trend was followed by the major oil companies in the world. Just as a comparison, Exxon-Mobil, BP, Shell, Petrobras and Total reported decreases from 32% to 49% in the same period. Still, PEMEX exports revenue was 9.7 higher than the average experienced for the Jan-May period in the years 1998 to 2007. It is important to mention that year 2008 was more than exceptional, with record prices and high production levels.
The daily production was 2.650 million barrels; slightly below the company´s year projection of 2.7 million barrels per day.
The average export price in May was US$55.71 per barrel, the best monthly price since Black October, and close to the government 2009 budget estimation of US$70.
The exports revenue in the period of January-May 2009 totaled US$8.195 million, a 59% lower than the same period of 2008. A similar trend was followed by the major oil companies in the world. Just as a comparison, Exxon-Mobil, BP, Shell, Petrobras and Total reported decreases from 32% to 49% in the same period. Still, PEMEX exports revenue was 9.7 higher than the average experienced for the Jan-May period in the years 1998 to 2007. It is important to mention that year 2008 was more than exceptional, with record prices and high production levels.
DoingBusinessInMexico Staff
Published: June 20, 2009. 18:22 | Last updated: June 20, 2009. 18:25
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Published: June 20, 2009. 18:22 | Last updated: June 20, 2009. 18:25
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