Tuesday, August 11, 2026

Mexico’s Pemex Says March Crude Oil Exports Hit Record Low

From Reuters Mexican national oil company Pemex said on Friday that March crude exports fell to a record low of just above 1 million barrels per day (bpd), while oil output for the month also dipped. Pemex’s March crude shipments averaged 1.001 million bpd, the lowest level of monthly exports going back to at least 1990 when records began. March

Oil Market Volatility Climbs to Highest Level Since December

From Bloomberg Oil steadied after tumbling to the lowest level since before OPEC reached an output-reduction deal as U.S. shale confounds the producer group’s attempts to prop up prices. Futures were little changed in New York after slumping more than $2 Thursday. Prices are approaching an 8 percent decline this week, bringing the U.S. benchmark crude back to levels last