Mexican oil is taking hit after hit this year. First, a deadly fire led to disruptions in production and then output was once again hindered by the anticipation of hurricane Ida, not to forget the ongoing pandemic restrictions as Mexico experiences another surge in Covid-19 infections. As Hurricane season approaches, will Mexico be able to weather the storm? A fire at Mexican offshore oil operations in the Ku-Maloob-Zaap oilfield killed five earlier this month and led to a drop in production of 420,000 bpd , around a quarter of Mexico’s total daily output, or around 0.5 percent of the world’s output. Petróleos Mexicanos or Pemex, the state oil company responsible for the offshore operations, has repeatedly come under fire for its safety protocols, particularly following two fires in less than two months. The company has also been criticized for its poor environmental controls , burning off high levels of […]