Mexico is exporting more crude oil to Europe and Asia as imports fall in the United States, according to the U.S. Energy Information Administration.
In September, U.S. crude oil imports from Mexico totaled 0.6 million barrels per day. That’s the lowest level since 1990, EIA reports. But Mexico exported more heavy crude oil to Asia, especially India, and more light crude oil to Europe. Mexico mostly exports heavy crude oil, according to that country’s national oil company, Petroleos Mexicanos, or Pemex.
Heavy crude going to U.S. refineries on the Gulf Coast is down because new infrastructure has allowed more Western Canadian Select heavy crude oil to reach those refineries. Read more about the shift here.
