Pemex gasoline demand drops in Q2, COVID-19 recovery yet to arrive — Panjiva
MENU

Supply Chain Research

Pemex gasoline demand drops in Q2, COVID-19 recovery yet to arrive

Earnings 724 Energy - Conventional 447 Energy - Crude Oil 300 Energy - Refined Oil 198 Mexico 880 U.S. 5314

Pemex has reported a 51.8% year over year slump in sales as the state-owned energy firm deals with a collapse in energy prices, lower production and reduced demand due to COVID-19. Total Mexican exports of crude oil fell by 4.5% year over year in Q2 as improved shipments to the U.S. were offset by an 18.8% slide in exports to Europe in June. Sales of refined petroleum products dropped by 34.7% on reduced economic activity in Mexico during the COVID-19 lockdown. That drove a 56.2% slump in refined products imports in June compared to a year earlier while lower shipments in June versus May...

Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.