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Mexico to reduce oil exports to US in 2008

05/05/2008
Mexico will reduce its crude oil exports to the US by an average of 184,000 b/d throughout 2008, a situation that could continue for 2 years longer, reported a Mexican media outlet.Citing PMI Comercio Internacional, the Petroleos Mexicanos affiliate in charge of marketing, El Universal newspaper said a reduction in US-bound exports for 2008—and possibly until 2010—was due to Mexico’s reduced oil output.It said the original plan for oil exports in 2008 envisioned some 1.678 million b/d heading to the international market, but the sales volume at the end of the first quarter stood at 1.499 million b/d, or 179,000 b/d less than initially anticipated.El Universal said the US E...
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