Pemex liquid hydrocarbon output falls 2.4% and stops breaking out crude

Pemex's liquid hydrocarbon production came in at 1.613 million barrels per day in September 2026, a 2.4% year-on-year decline, according to the monthly report published on November 4.

The figure, reported by El Economista, also represents a 1.5% drop from August and a volume 11.7% lower than in September 2018. The figure including partners stood at 1 million 612 thousand barrels per day, according to Reforma.

The publication brought a change in the detail: Pemex stopped reporting crude oil and condensate production separately, and reduced its Institutional Database to the total of liquid hydrocarbons by region and asset. The Ministry of Energy (SENER) indicated that changes are being prepared at the company and will be announced shortly.

The adjustment reduces the granularity of the series for analysts and markets that follow the state-owned company: without the split between crude and condensates, comparison with other oil companies and with international series is no longer direct. Mexico is a link in the corridor that sends heavy crude to refineries on the U.S. Gulf Coast and receives refined products, so the monthly volume is part of tracking the region's energy trade.

In August, the last month with a breakdown, crude extraction was 1.336 million barrels per day, a historic low, and condensates were 300,800 barrels per day, for a total of 1.637 million. In the third-quarter average, liquid hydrocarbon production was 1.641 million barrels per day, a 0.4% year-on-year reduction; from January to September it averages 1.650 million, 1.2% more than in the same period of 2025.

The figure is 3.7% below the 1.675 million barrels per day projected for 2026 in the 2025-2035 Strategic Plan. In natural gas, Pemex reported 5,068 million cubic feet per day in September, a 6.8% year-on-year increase and 27% above the 3,993 million projection for 2026; the company devotes that volume almost entirely to its own consumption, while industry and the Federal Electricity Commission (CFE) turn to imported gas.

The next point of observation is the October report, which will show whether the series recovers the breakdown between crude and condensates or maintains the new format. SENER has not specified the content of the announced changes.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.