General

Mexico Honors Understanding with OPEC to Restrict Exports to 1.32mn b/d

Mexico's Pemex has issued a most interesting series of statistical data on crude oil production, exports and prices since last July (see tables 1-3 overleaf). During this period the average export price for Isthmus crude more than doubled from around $9/B to over $18/B. At the same time the figures show that since February Pemex has restricted its exports to 1.32mn b/d in line with its understanding with...