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Mexico's crude exports fall to five-month low as output slides

Oil

Mexico's crude oil exports in March fell by 77K b/d m-o-m to average 1.23M b/d, the lowest since October, Reuters reports, citing data from state oil firm Pemex. However, the volume is up by 95K b/d y-o-y. The country's crude oil output in March dropped by 13K b/d m-o-m and 150K b/d y-o-y to a multi-decade low of 2.32M b/d.