Posted on 10/10/2008 9:24:54 AM PDT by thackney
Mexican state oil firm Petroleos Mexicanos has restored 250,000 barrels a day of crude that it was forced to shut in on Sept. 23 because storm-battered U.S. refineries had to cancel crude shipments, Pemex said Thursday.
The export problems saturated Pemex's storage facilities, forcing the company to curb production. Pemex said a total of 1.94 million barrels of Maya crude oil were shut in during the period.
(Excerpt) Read more at rigzone.com ...
While 250,000 bbl/day isn’t a great deal of oil. It would supply about 1/2 the capacity of one of the largest refineries in TX.
Price of oil should go down even more now.
I haven’t seen lately...how’s the restoration of US production that was shut in going?
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