Pemex helped by HSFO exports to US

摘要

Mexico’s lofty output of high-sulphur fuel oil (HSFO) has found a significant outlet in the US, helping alleviate one of state-owned Pemex’s most pressing problems. US buyers took in 50,000 b/d of HSFO from Mexico last year, up by 56pc from 2019. Among the most notable imports, 10,000 b/d was delivered to the Houston Fuel Oil Terminal, according to oil analytics firm Vortexa. Around 4,000 b/d went to Chevron’s 340,000 b/d Pascagoula, Mississippi, refinery and 3,000 b/d was sent to its Port Everglades terminal near the cruise ship centre of Miami, Florida. US midstream firm Apex Oil, based in St Louis, Missouri, bought almost five times as much HSFO from Mexico in 2020 — about 2,200 b/d — as in 2019, although none has arrived at its terminal so far this year, according to Vortexa.