Demand Concerns Boost Bearish Sentiment In Oil Markets
Oil prices are under pressure as demand concerns continue to dominate the narrative, with Brent and WTI both struggling to break out.
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Oil prices are under pressure as demand concerns continue to dominate the narrative, with Brent and WTI both struggling to break out.
Mexico's state-owned Pemex posted a profit of $274 million for Q1.
Mexican state oil company Pemex is reversing crude exports cuts of at least 330,000 barrels per day planned for May amid a smaller-than-expected oil demand by the company's domestic refineries, two... -April 26, 2024 at 03:38 pm EDT - MarketScreener
Mexico has reversed its plan to its oil exports after fires at two Pemex refineries reduced domestic demand for the commodity.
Fire damage to Pemex's refineries has hampered its plan to keep crude supplies to produce fuels domestically.