PEMEX investigates Asian and European markets for crude oil following US tariffs

The Mexican state company, PEMEX, is looking for new recipients of crude oil in Asia and Europe after the application of US tariffs in Mexico imports.

Tariffs announced by US President Donald Trump, 25% of the Mexico Rhythm, PEMEX wanted to explore alternative markets outside the United States Reutersreferring to sources.

In 2024, PEMEX exported 806,000 barrels to 806,000 barrels (BPD) per day, 57% for the United States.

However, exports fell significantly in January, reaching down in 532,404BPD.

Pemex is now aimed at redirecting its crude oil exports with potential buyers in China, India and South Korea, including non-US markets.

The official official of an elderly Mexican government produced and Chinese buyers showed significant interest and said.

PMI Comercio has confirmed that sources from PEMEX’s trade arms from the trade arms, China, India, South Korea and Japan can be suitable markets for Pemex’s raw.

A trader stressed that it can only ensure that it is not sent to the United States due to Asia’s special processing requirements.

Assumptions have been established in connection with potential discounts to US customers, but the government official rejected this possibility.

After the current contracts related to US clients, PEMEX is likely to send sending to Asia and Europe.

Trade goal sources also have no plan to offer discounts to increase the competitiveness.

Mexican oil production is primarily less than old deposits in the Gulf of Mexico and four decades.

DOS BOCA’s new 340,000BPD Olmeca processing plant, which shed delayed start, gasoline and diesel, mainly continued to export gasoline from the United States.

PEMEX in the latest report In the fourth quarter of 2024, a $ 9 billion cousin reporteda tougher contrast than the previous year’s earnings.

Losses of damage, sales costs, low fixed assets and currency exchange, managed by emphasizing the company’s harsh material situation.

In the neighborhood, production continued to decrease, with a rise of 1.65 million barrels per day with the performance of crude and condensate, reflects the 10% decline in annual.

Mexico without investing in intelligence and production may face the prospects of raw import to support oil refining.

“PEMEX, investigates Asian and European markets for crude oil following US tariffs” was first created and published Marine technologyA global brand.