Crude oil export prices in Mexico 2019-2023
In June 2023, Mexico's export crude oil averaged 64.63 U.S. dollars per barrel. This figure represented a 41 percent decrease compared to the average per barrel price of 110 U.S. dollars in June 2022, the highest figure reported in more than three years.
The North American country's export blend price had plummeted in the first months of 2020 – dipping below 13 U.S. dollars per barrel in April 2020 – following a global decrease in demand amidst the outbreak of the COVID-19 pandemic. Since May of that year, however, Mexico's export crude oil price reported a mostly recovering trend, a trend exacerbated in the first months of 2022, following Russia's invasion of Ukraine.
The North American country's export blend price had plummeted in the first months of 2020 – dipping below 13 U.S. dollars per barrel in April 2020 – following a global decrease in demand amidst the outbreak of the COVID-19 pandemic. Since May of that year, however, Mexico's export crude oil price reported a mostly recovering trend, a trend exacerbated in the first months of 2022, following Russia's invasion of Ukraine.
