Mexico's crude exports to the Americas fall to decades low

Oil

Mexico's crude oil exports to the Americas in September fell by 149K b/d m-o-m and 291K b/d y-o-y to 550K b/d, data from state-oil firm Pemex shows. The decline occurred despite overall exports only dipping 92K b/d m-o-m and averaging 11K b/d more than in the same month last year at 1.2M b/d. Exports to Europe were the largest gainer in September, rising 86K b/d m-o-m and 136K b/d y-o-y to a seven-month high of 317K b/d. Exports to Asia slipped by 30K b/d m-o-m to 301K b/d. However, this was still the second highest volume this year (after August's high) and more than double September 2014 shipments.