Pemex Port Problems Today May Become American Exporters’ Troubles Later — Panjiva
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Pemex Port Problems Today May Become American Exporters’ Troubles Later

Corp - Ports 661 Energy - Conventional 272 Energy - Refined Oil 149 Mexico 505 Mode - Seaborne 1273 U.S. 3297

Gasoline supplies into the Mexican port of Pajaritos have been delayed by weather and a lack of storage capacity, though national oil supplier Pemex has yet to scale back purchases. Congestion at the port is an ongoing issue and can be seen by import growth of just 2.3% in the three months to Oct. 31 compared to 8.8% for the nation as a whole. Over the longer-term imports will likely decline as the new government will require Pemex to build more refineries in Mexico. That will have a particular impact on U.S. exporters which accounted for 91.2% of Mexican imports in the 12 months to Oct....

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