Overview
Petroleos Mexicanos reported a 45% decline in crude oil exports for August versus the same month a year earlier, with shipments falling to 275,737 barrels per day, the company said. The company released the data on Wednesday.
Refining activity
The fall in exports coincided with stronger domestic refining activity. Pemex processed 1.2 million barrels per day across its six refineries in August, a 15% increase from August 2025. The increase in refinery runs was led in part by the Olmeca refinery, which processed 252,471 barrels per day - nearly three-quarters of its 340,000 barrel per day capacity.
Production and fuels output
Total crude and condensate production decreased 2.2% from July, to 1.64 million barrels per day in August. Despite higher global energy prices during the period, production volumes declined month-on-month.
Fuel output shifted toward lighter products. Gasoline production rose 5% from July to 439,346 barrels per day, and diesel output increased 9% to 316,279 barrels per day. Conversely, fuel oil output fell 30% to 174,416 barrels per day.
Trade flows
The higher domestic production of gasoline and diesel permitted Pemex to cut imports of those fuels. Gasoline imports were reduced by 24% and diesel imports by 26% in the reporting period.
Policy alignment
Pemex said the operational changes are consistent with President Claudia Sheinbaum's energy sovereignty initiative, which aims to eliminate dependence on fuel imports by lowering crude exports and increasing domestic processing of crude into refined products.
Context and closing
The company released these figures as part of its routine operational reporting. The data show a company deliberately shifting the balance between exports and domestic processing in support of a stated policy objective, while overall crude and condensate production edged down from the prior month.