Pemex Brings Balance To The U.S. Oil Industry Despite AMLO’S Policies — Panjiva


Pemex Brings Balance To The U.S. Oil Industry Despite AMLO’S Policies

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

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% slum...

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