OIL: Mexico Shuts Largest Oil Export Terminal

Pemex shut down the country’s largest oil-exporting terminal, the FPSO Yúum K’ak’ Náab terminal, on Sunday because of a leak, amidst the summer driving season increases demand for crude according to a shipping report.

• The terminal shut down because of a crude leak in one of its hose trains.
• Last month, Pemex shut its Salina Cruz terminal after hoses loading a ship were blown off by strong winds, and a company gas platform had an explosion that killed two people.
• The FSPO and Salina Cruz are expected to resume service later this week.
• Typically, this time of the year Pemex boosts oil sales to the US to meet demand from the summer driving season.