Overview
- From January to November 2025, crude exports averaged 601,000 barrels per day, down 25.5% year over year, and export revenue fell 35.4% to $12.34 billion.
- Domestic crude processing averaged 998,000 barrels per day over the same period, a 9.9% increase that still leaves Pemex about 5% short of its 2025 Plan target for the national refining system excluding Deer Park.
- In November, the refining system processed 1.144 million barrels per day, with the Olmeca (Dos Bocas) refinery averaging 206,000 barrels per day of crude intake for the month.
- Olmeca’s November fuel output slipped 2.85% from October to 180,000 barrels per day as diesel production fell 29%, even as gasoline rose to 89,000 barrels per day.
- Supplier payables reached 517.1 billion pesos at the third quarter despite reported repayments and a Banobras support fund, while total liquids output fell to 1.633 million barrels per day and crude alone to 1.366 million, both multi-decade lows.