Oil processing at Mexico’s national oil company Pemex increased substantially in July from the previous month, while crude exports rose slightly in a reversal of earlier national policy to cut exports and focus on the domestic market. According to the state-owned oil company's most recent report, average oil processing for July stood at 820,128 barrels per day (bpd), up 15% from June and a rise of 29% from July 2021. However, the July figure is still below the target of 1 million bpd set by the government and Pemex for the end of 2022.…
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