Pemex Cancels Crude Oil Exports Amid Global Market Squeeze
By
Luisa Rodriguez
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Mexico’s state-controlled oil company, Pemex, is planning to halt some crude exports in the coming months, a decision that will reduce supply in the global market. Pemex has canceled contracts to supply its flagship Maya crude oil to refiners in the US, Europe, and Asia. This move is expected to have a significant impact on the availability of crude oil, contributing to the tightening of the global market.