{"id":7697,"date":"2017-05-08T21:57:35","date_gmt":"2017-05-09T02:57:35","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=7697"},"modified":"2017-05-08T21:57:35","modified_gmt":"2017-05-09T02:57:35","slug":"mexicos-pemex-says-march-crude-oil-exports-hit-record-low","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/mexicos-pemex-says-march-crude-oil-exports-hit-record-low\/","title":{"rendered":"Mexico&#8217;s Pemex says March crude oil exports hit record low"},"content":{"rendered":"<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\"><em>Reporting by David Alire Garcia; Editing by Andrew Hay<\/em> <\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">&#8220;May 5 Mexican national oil company Pemex said on Friday that March crude exports fell to a record low of just above 1 million barrels per day (bpd), while oil output for the month also dipped. <\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Pemex&#8217;s March crude shipments averaged 1.001 million bpd, the lowest level of monthly exports going back to at least 1990 when records began. March exports were down nearly 6 percent compared with the same month last year. <\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Meanwhile, crude production during the month fell 9 percent to average 2.018 million bpd. <\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Pemex&#8217;s oil output hit a peak of 3.38 million bpd in 2004, but since then has steadily declined. <\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">A four-year-old energy overhaul that ended Pemex&#8217;s decades-long monopoly on production led to the first-ever competitive oil auctions and joint venture partnerships, but fresh output streams from new entrants in the market are not expected for several years. <\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">On Wednesday, despite lower oil production, Pemex reported its first quarterly profit in five years on higher sales and rising prices, gaining some $4.7 billion during the January-March period.&#8221;<br \/>\n<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\">Fri May 5, 2017 | 1:33pm EDT<\/span><\/h4>\n<h4 style=\"text-align: justify;\"><span style=\"font-family: Helvetica; font-size: 14pt;\"><a href=\"http:\/\/www.reuters.com\/article\/mexico-pemex-idUSL1N1I7162\" target=\"_blank\">REUTERS<\/a><\/span><\/h4>\n<p><a href=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/05\/shutterstock_283408904.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6482\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/05\/shutterstock_283408904.jpg\" alt=\"\" width=\"600\" height=\"399\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/05\/shutterstock_283408904.jpg 600w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/05\/shutterstock_283408904-300x200.jpg 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2016\/05\/shutterstock_283408904-450x299.jpg 450w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reporting by David Alire Garcia; Editing by Andrew Hay &#8220;May 5 Mexican national oil company Pemex said on Friday that March crude exports fell to a record low of just above 1 million barrels per day (bpd), while oil output for the month also dipped. Pemex&#8217;s March crude shipments averaged 1.001 million bpd, the lowest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1017],"tags":[854,1450,1451,208,232],"class_list":["post-7697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crude","tag-crude-oil-exports","tag-exports","tag-oil","tag-pemex"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/7697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=7697"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/7697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/7497"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=7697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=7697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=7697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}