Pemex’s U.S. Oil Exports Hit 35-Year Low in 2024

Pemex, Mexico’s state oil company, faces a stark reality. Its crude oil exports to the United States have hit a 35-year low. Between January and November 2024, Pemex shipped only 464,811 barrels per day to the US, a 35.4% drop from 2023. This decline marks a significant shift in Mexico’s oil industry. The US, once […]