AMLO’s $58 Billion Oil Commitment Raises Risks For Trump Relations — Panjiva


AMLO’s $58 Billion Oil Commitment Raises Risks For Trump Relations

Energy - Conventional 272 Energy - Crude Oil 194 Energy - Refined Oil 149 Mexico 505 U.S. 3297

President-elect Andrés Manuel López Obrador (AMLO) has indicated the government will attempt to end oil exports – by cutting production – and reduce imports of refined oil products. Ending oil exports would reduce export earnings by $26 billion based on the past 12 months exports to August 31, of which 56% headed to the U.S. Mexico’s imports of refined oil products meanwhile reached $32 billion over the same period. Cutting imports of refined oil (including both gasoline and heavier distillates) from the U.S. could boost Mexico’s trade surplus vs. America by as much $14 billi...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.