PDF download

SourceMex PDF file 2017 right arrow Sep

Hurricane Harvey Disrupts Oil Exports to Mexico

LADB Article ID: 80397
Category/Department: Mexico
Date: 2017-09-06
By: Carlos Navarro

The enormous devastation that Hurricane Harvey brought to the city of Houston included financial losses resulting from the complete halt of economic activity at one of the country’s most important ports. The Houston-Galveston customs district generates about 8% of GDP in the US. A large share of the exports that originate in that city are destined for Mexico, including petroleum that has been processed in area refineries, including Houston, Corpus Christi, Galveston, and southwest Louisiana. The hurricane affected other oil-related activities besides shipping. Because of Harvey, almost 19% of the oil production in the Gulf of Mexico had to be suspended, according to the US Department of the Interior’s Bureau of Safety and Environmental Enforcement. The lack of access to refined gasoline had a direct impact on Mexico’s state-run oil company, PEMEX. Mexico was the primary destination for US refined products in May, with purchases totaling about 879,000 barrels per day, or 17% of the US total, said the US Energy Information Administration.

This is only an abstract of the requested article. To obtain the full text, please purchase a subscription or inquire with your institution as to its subscription to LADB.