Overview
- Pemex produced 1.33 million barrels per day of crude in August 2026, a 2.7% decline from August 2025 that marks the lowest monthly crude output in the company’s records.
- Including condensates, total liquid hydrocarbon production fell to 1.63 million barrels per day in August 2026, the weakest reading in Pemex’s historical series.
- Exports plunged to about 275,700 barrels per day in August 2026, reducing export revenue to roughly $626.9 million and limiting Mexico’s ability to benefit from higher global oil prices.
- The company increased refinery runs and fuel output, with gasoline at about 439,346 bpd and diesel at 316,279 bpd in August 2026, while diesel imports fell to their lowest levels since 2009.
- Pemex plans 21 mixed contracts to bring private capital but has awarded nine and only four show operational progress, leaving the firm dependent on refineries and fiscal support as debt and lost export income strain finances.