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Mexico’s Crude Exports Rise To 3-Month High

Oil

Mexico’s crude oil exports in February increased by 132K b/d m-o-m to a 3-month high of 1.22M b/d, data from state-oil firm Pemex shows. However, this was down by 24K b/d y-o-y. By destination, exports to Asia were up by 253K b/d m-o-m and 192K b/d y-o-y, offsetting lower shipments to Europe (-79K b/d m-o-m and -151K b/d y-o-y to 179K b/d) and the Americas (-42K b/d m-o-m and -65K b/d y-o-y to 656K b/d).