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Mexico's long-haul crude exports rise in May

Oil

Mexico's crude oil exports to Asia in May jumped by 140K b/d m-o-m and 148K b/d y-o-y to 222K b/d, the second highest volume in more than a decade, data from state oil firm Pemex shows. Exports to Europe rose by 58K b/d m-o-m and were marginally higher y-o-y at 241K b/d. Exports to the Americas slipped by 118K b/d m-o-m and 153K b/d y-o-y to a multi-decade low of 651K b/d. Overall, Mexican exports of crude oil in May increased by 79K b/d m-o-m to average 1.11M b/d, down by 2K b/d compared with May 2014.