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Mexico's crude exports fall to nine-month low in April

Oil

Mexico's crude oil exports in April fell by 193K b/d m-o-m and 16K b/d y-o-y to average 1.04M b/d, according to state oil firm Pemex. Crude oil output fell to a multi-year low of 2.2M b/d, down 118K b/d m-o-m and 277K b/d y-o-y. On the product side, imports of gasoline and diesel dipped by 15K b/d m-o-m but rose by 54K b/d y-o-y to 499K b/d.