Pemex celebrates refining recovery after two decades of decline

After decades of decline, the Mexican parastatal once again exceeds key production, marking a milestone in the current government's energy policy.

A miracle at the refinery: Pemex is resurrected (and everyone applauds)

In a turn of events that no one, absolutely no one, saw coming (well, maybe someone in a national palace), President Claudia Sheinbaum announced from the picturesque Atitalaquia, Hidalgo that Petróleos Mexicanos is no longer the poor relation of the global oil industry. The evidence? A hydrodesulfurization reactor of gasoline that was placed with the same ceremony that is reserved for sacred relics. This device, they tell us, is the key piece for the Tula refinery to stop coughing black smoke and start producing gasoline that, attention to detail, “affects health less.” What a revolutionary concept!

The president, with the enthusiasm of someone who has just discovered the wheel, declared that this is part of the modernization of eight refineries that, in an almost supernatural act of coordination, are producing “more than a million barrels per day.” “This has not been seen for two decades,” he proclaimed, as if the simple passage of time were a state policy of previous governments. According to their narrative, we now have energy sovereignty, that magical term that justifies everything, from a reactor to a speech.

RelatedSheinbaum reaffirms energy sovereignty as a pillar of the nation

The villain of the movie: the neoliberal ghost

Of course, no fairy tale is complete without a villain. In this story, the role is played by the past neoliberal governments, those evil ones who, according to the official script, dedicated themselves with relish to dismantling, indebting and almost selling the jewel in the crown to make way for private companies. The result? A drop in production that, surprise, is now being reversed thanks to the Fourth Transformation. What a coincidence that the recovery coincides precisely with the need for triumphalist speeches.

The director of ICA Group, Guadalupe Phillips, detailed with engineering precision that this year the modernization of Tula will be completed, with 12 thousand direct workers and 35 thousand jobs generated. One wonders if they also counted the man who sells tamales outside the plant. Meanwhile, the director of Pemex, Víctor Rodríguez Padilla, dropped the pearl that the price per barrel in Tula is 13 dollars and celebrated that Mexico now exports diesel instead of importing it. An undoubtedly positive fact, which makes us forget for a second the mountain of debt that the parastatal still carries.

The governor of Hidalgo, Menchaca Salazar, could not miss the event to reaffirm his support for the president and her “leadership for conflict resolution.” Because nothing says “conflict resolution” like construction supervision in a refinery. Coherence, like sulfur in fuel, is reduced to minimal levels.

In short, they want us to believe that overnight Pemex went from being a terminal patient in the ICU to an Olympic refining athlete. Reactors are placed, speeches are given, culprits for the past are pointed out and a new golden age is announced. The public, between incredulous and hopeful, watches the spectacle. Only time will tell if this is the true takeoff of the Mexican oil industry or simply another act in the theater of national energy policy.

Are you surprised by this industrial “renaissance” or do you think it’s just smoke (low sulfur)? Share this ironic note on your social networks and tell us what you think. Explore more content about the economy and national politics on our site.

Pemex celebra recuperación de refinación tras...
Pemex celebra recuperación de refinación tras...

Mural demands justice for 386 people in Plenitude Crematorium

Families of victims of the Plenitude Crematorium unveil mural on Paseo de la Victoria.

The Memory, Dignity and Justice collective presented this Wednesday a commemorative mural for the Plenitude Crematorium case. On June 26, 386 uncremated bodies were found at that location. The families of the deceased led the event to unveil the work titled “Memory, Dignity and Justice for 386.”

A tribute that is also a complaint

The mural, painted on a wall on Paseo de la Victoria, seeks to honor the memory of the 386 people. But, according to the members of the group, it also symbolizes the pain and uncertainty that more than 1,500 families are experiencing. “We continue to search for answers and we hope to know with certainty the fate of our loved ones,” they noted.

The families affirmed that the investigation and justice process has not responded to the magnitude of the case. “We consider that there are still questions and irregularities that must be clarified with transparency,” they expressed.

“Behind every urn there is a story, a family and a life project.”

With this act, the families seek to keep the memory alive and prevent the case from being reduced to a figure. They demand that society know the truth and that what happened at the Plenitude Crematorium is not forgotten.

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Loss of $127 million for Volaris in the second quarter

Despite a 24% increase in revenue, the high cost of fuel hit the airline's finances.

Mixed results for Volaris

Volaris reported a net loss of $127 million in the second quarter of the year. However, its total operating income grew by 24%, reaching $859 million. This increase was due to the increase in rates.

The cost of fuel was decisive. The average price of jet fuel increased by 70%, standing at $4.18 per gallon. The company faced one of the most challenging fuel environments in recent years.

Enrique Beltranena, president and CEO of Volaris, said:

“We acted decisively, driving strong performance across our network and cash flow generation, despite operating in one of the most challenging fuel environments in recent years.”

Beltranena highlighted that each flight operated contributed positively to cash flow. Domestic and international demand remained strong. The airline is focused on its capacity plan for the third quarter, concentrating flights in July and August to capture the peak season.

Perspectives and adjustments

Volaris expects available seat mile growth of approximately 5% for the full year. Capacity in the second quarter increased 2%. Operating expenses totaled $958 million, a significant increase compared to $715 million in the same period last year.

The company is confident in the actions taken during the first half of the year. Beltranena stated:

“Actions taken during the first half of the year are generating tangible progress, supporting stronger results in the second half and the restoration of our EBITDA margin guidance for the full year.”

Total cash, equivalents and short-term investments totaled $824 million, equivalent to 25% of trailing 12-month operating income. The projections include the compensation expected from the agreement with Pratt & Whitney, related to the inspection of GTF engines that keep some aircraft on the ground.

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Six journalists have died in Mexico so far in 2026

Six communicators have been killed so far in 2026. Veracruz accounts for half of the cases.

Six journalists died in Mexico during 2026

At least six journalists have been killed in Mexico so far in 2026. All attacks were with firearms. Three of the cases occurred in Veracruz.

Carlos Castro was killed on January 9 in Poza Rica, Veracruz. He was 26 years old and was director of the Digital Code North portal, where he covered public security and red notice. The attack occurred in a restaurant where he was with his family.

Roxana Rivera was forcibly taken from her home in Nanchital, Veracruz, on June 2. The event was recorded on video. On July 3, authorities confirmed that remains found corresponded to his identity.

Luis Ángel López, a red note reporter for the newspaper Vanguardia, was deprived of his life on June 11 in Poza Rica. He had precautionary measures from the Commission to Protect Journalists.

Alex Serna, an environmentalist and communicator from Zihuatanejo, was reported missing and found dead on July 4. The Guerrero Prosecutor’s Office confirmed that the body showed signs of torture. He was in Semefo as unidentified.

Josué Martínez Contreras, director of the Noticias San Martín Texmelucan portal, was killed on July 16 in Puebla, in front of his 13-year-old son and his mother. Their outlet was a Facebook page with local information and security coverage.

Francisco Alejandro Leyva was killed on July 22 in San Pablo Etla, Oaxaca. Attackers on a motorcycle shot him while he was eating at a stall. He was director of Cortv and maintained his column “El Zumbido del Moscardón.”

The Mexican journalistic community faces a context of constant risk. Human rights organizations have reiterated the demand for justice and protection for those who practice journalism in the country.

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