Israel Rodríguez

La Jornada newspaper
Tuesday May 26, 2020, p. twenty-one

Last April, the month in which social confinement was accentuated by the Covid-19 pandemic, domestic sales of gasoline in the country fell 30 percent compared to March, Petróleos Mexicanos (Pemex) reported yesterday.

In disclosing its statistics at the end of the fourth month of the year, the state-owned production company explained that the sale of gasoline fell from a daily average of 643,800 barrels to 446,700, that is, there was a drop in demand. 197 thousand 100 barrels per day.

That collapse was accompanied by a drop of nearly 50 percent of Pemex’s revenues from the sale of gasoline in the national territory from 11 thousand 344.1 million pesos, down from 23 thousand 607.7 million obtained in March to only 12 thousand 263.6 million in April. .

For its part, the volume of crude oil exports increased 3 percent. It went from a million 144 thousand barrels a day in March to 1 million 179 thousand a day on average last April.

Foreign exchange raising, downward

Despite the higher volume of exports, the collapse of the international price of crude oil caused foreign exchange earnings to be reduced by almost half between previous March and April.

In this way, the value of crude oil sales fell from 998 million dollars in the third month of the year to only 502 million in April.

In the first four months of 2019, 8 thousand 135 million dollars were obtained from crude oil exports and in the same period of this year they fell to 4 thousand 680 million.

The foregoing, as a consequence of the steep drop in the price of the Mexican oil mix, which fell from $ 28.13 per barrel on average registered in March to 14.18 per barrel in April. In other words, a reduction of 13.95.

Lastly, the extraction of crude oil decreased by 25 thousand barrels in 30 days, going from 1,745 thousand barrels per day in March to an average of one million 720 thousand in April. Without including partners, production was reduced to 1.7 million barrels a day.

Thus, the extraction volume in the first four months of 2020 is one million 730 thousand barrels per day, which compares favorably with the average reached in the corresponding period of 2019, when it was one million 672 thousand 500 barrels per day, that is, an increase of 3.4 percent.