Mexican gasoline imports fall to lowest level since 2007

Oil

Mexican gasoline imports fell by 42K b/d m-o-m and 317K b/d y-o-y to 239K b/d in June, the lowest level since 2007, according to data from Pemex. Diesel imports rose slightly by 3K b/d m-o-m to 74K b/d, however this is down by 109K b/d y-o-y.

Crude oil exports edged up by 50K b/d m-o-m to 1.1M b/d, a rise of 120K b/d y-o-y. Exports to Asia grew by 205K b/d m-o-m to 265K b/d, after falling to the lowest level since January 2014 in May at 60K b/d. Exports to the Americas fell by 160K b/d m-o-m to 720K b/d, however this is still up by 160K b/d y-o-y.