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Mexico's crude exports to Asia hit record high

Oil

Mexico's crude exports increased by 74 kb/d m-o-m in August to 1.26 mb/d (the highest since February), with shipments to the Far East rising by 194 kb/d to a record 331 kb/d, according to the latest data from Pemex. This more than offset the 92 kb/d and 27 kb/d respective declines to the Americas and Europe. Gasoline and diesel imports fell by a combined 97 kb/d to 572 kb/d.