Overview

• Pemex averaged 1.364 million barrels per day of crude in the first half of 2025, a 10.4% drop from a year earlier that marked its lowest output in 15 years.
• New field developments lifted liquid hydrocarbon production to 1.631 million bpd in Q2, ending a seven-quarter decline with 531,000 bpd from new sites.
• The Dos Bocas refinery processed 191,585 bpd of crude in June, its third straight monthly increase yet still below the 220,000 bpd target.
• Olmeca’s fuel output rose 61.5% to 172,000 barrels per day in June, representing just 50.7% of its 340,000 bpd design capacity.
• Mexico’s national refining system ran at 55% capacity in June, processing 1.107 million bpd—the highest monthly level in 11 months.