Pemex imported light-grade crude oil in February for the first time under the administration of President Andres Manuel Lopez Obrador. That allowed it to continue exports of heavier grade to the U.S. after a hiatus in shipments to the U.S. from Venezuela. The AMLO administration has previously called for reduced exports, though it’s notable Mexico’s trade in oil products only fell 6.0% year over year in February despite an 11.2% slump in oil prices. Mexico’s exports of oil in February were their highest since October and only fell 0.1% year over year after a 15.8% slump in the prior thr...