Renaissance Oil Corp. RNSFF

Pemex cost per barrel

[Rogerthat2]

Quote:  "Velazquez said the Mexican oil giant could weather low prices thanks largely to relatively low production costs at just above $14 per barrel."
With a $23B loss, Pemex might have to re-assess their cost to produce a barrel as well. Something is not right.

[crude]

Pemex's $44/bl hedge floor adds Ps30bn to deficit Published date: 06 May 2020 Share: The hedge contracted by Mexico's state-owned Pemex has a floor of $44/bl, leaving the company exposed to losses below that following the global rout in crude prices, the company's annual report reveals. "