Mexican state oil giant Pemex has until 2018 to meet new fuel quality standards that will affect 40 percent of its diesel production that does not yet comply, the energy regulator said on Tuesday. Guillermo Garcia, President of CRE, said the new rules, which should go into effect soon, will limit the sulfur content allowed in fuel, posing a challenge for Pemex, and tighten controls for everything from refining to sales. “Pemex must comply to be able to remain [in the market]. If it doesn’t comply with the rules, it will have to decide to export the product or stop producing,” Garcia said in an interview. Pemex lost a decades-long monopoly over oil production in Mexico thanks to a landmark 2014 energy overhaul that also took away its exclusive right to import fuel. Garcia said […]