Mayan Expedition to California Needed to Boost Mexican Oil Exports — Panjiva
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Mayan Expedition to California Needed to Boost Mexican Oil Exports

Commodities 189 Energy - Conventional 468 Energy - Crude Oil 311 Energy - Refined Oil 203 Mexico 928 Mode - Seaborne 1845 U.S. 5398

Mexico’s attempt to boost exports of Pemex’s Maya crude to the U.S., reported by Bloomberg, is much needed. Panjiva data shows Mexican crude oil exports fell 17% in August, the ninth straight decline. Exports to the U.S. have been east-coast focussed so far, and market share has been falling. In September it garnered a 10% share of U.S. seaborne crude imports vs. 17% a year earlier.

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