# Mexico Oil Revenue Up 10.5% as Exports Sink

> Mexico's oil revenue rises 10.5% but exports fall 45% as Brent crude hits $109.55.
- Title: Mexico Oil Revenue Up 10.5% as Exports Sink · The Rio Times
- Summary: Mexico's oil revenue rises 10.5% but exports fall 45% as Brent crude hits $109.55. Mexico's public oil revenue rose 10.5% in real terms to MXN 690.4 billion…
- Keywords: mexico, pemex, oil revenue, crude exports, brent crude, mexico oil, mexico budget, mexico debt, mexico imports, mexico fuel, mexico finance, mexico economy
- Source: The Rio Times — https://riotimesonline.com/mexico-oil-revenue-brent-109-pemex-exports-2026
- Author: Gabriela Vargas
- Published: 2026-10-20T20:54:17+00:00
- Read time: 2 min
- Topics: mexico, pemex, oil revenue, crude exports, brent crude, mexico oil, mexico budget, mexico debt, mexico imports, mexico fuel, mexico finance, mexico economy
## Mexico Oil Revenue Up 10.5%
Public-sector oil revenue rose 10.5% in real terms to MXN 690.4 billion (US$37.5 billion) in January to August 2026.
## Pemex Crude Exports Down 45%
Pemex crude exports fell 45% to 276,000 barrels a day in August 2026 from 500,000 barrels a day a year earlier.
## Brent Crude Hits $109.55
Brent crude futures settled at US$109.55 on Monday 19 October 2026 and touched US$111 on Tuesday 20 October 2026.
## Pemex Debt at US$97 Billion
Moody's puts Pemex's adjusted debt at about US$97 billion, with US$4.8 billion due in 2027 and US$9 billion in 2028.
## Mexico's Crude Mix at US$99.6
Mexico's crude mix sold for US$99.6 a barrel on Monday 19 October 2026 against a 2026 budget price of US$54.9.
## Fuel Imports Rise
Mexico still buys about 49% of its gasoline and 27% of its diesel abroad, increasing the fuel-import bill.
## Fuel Tax Relief Cuts Revenue
Gasoline and diesel tax income fell 5.0% in real terms to MXN 277.1 billion (US$15.0 billion) this year.
## Budget vs. Current Prices
The 2026 budget assumed US$54.9 a barrel for Mexican crude, but current prices are 81% higher at US$99.6.
## Pemex Exports to Americas
133,000 barrels a day of August exports went to the Americas, 111,000 to Europe and 32,000 to the Far East.
## Prediction Markets
Polymarket gives 14.5% to WTI crude hitting US$110 in October and 3.1% to US$120 (20 October).
## Pemex Refining Losses
Pemex faces refining losses near US$5 billion that volatility could push to US$6 billion.
## Budget Deficit Stays Low
The budget deficit stood at MXN 739 billion (US$40 billion), below the MXN 1.015 trillion (US$55 billion) allowed for the period.
## Oil Revenue Growth
Pemex's income inside the total grew 13.6%, tied to higher sales and international prices.
## August Oil Revenue
August alone brought MXN 81.8 billion (US$4.4 billion), up 9.1% from a year earlier.
## Energy Sovereignty Strategy
Latinus links the drop in exports to more crude going into Pemex's own refineries and the government's energy-sovereignty strategy.
## What Happens Next
The next monthly finance report, expected at the end of October, will show whether oil income kept growing in September.
## Key takeaway

Mexico's public oil revenue rose 10.5% in real terms to MXN 690.4 billion (US$37.5 billion) in Jan-Aug 2026, but Pemex crude exports dropped 45% to 276,000 barrels a day.