Mexicos three crude oil terminals situated in on the Gulf coast port have reopened after being shutdown following a spell of bad weather.
Mexico exports the bulk of its crude oil from the terminals. Cayo Arcas, the largest, remained open last week, while Coatzacoalcos and Dos Bocas, which handle approximately 25% of exports, were closed for much of the last week.
The oil industry in the Mexico region is not unfamiliar with weather-related port closures at this time of year.
However, extended idle periods can have an impact on crude production as state oil monopoly Pemex has little storage capacity and can be forced to shut in wells if export shipments are held up for too long.
