EAI brief: IOCs pull back from Mexico’s petrol market

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 4.Feb.2026, Words: 108) — In recent years, international oil companies (IOCs) operating in Mexico have taken to close petrol stations. 

This, in response to government pressure for state-owned Petróleos Mexicanos (Pemex) to regain market share, according to reports on 3 Feb. 2026 in the Mexican daily El Norte.