OPEC AND OIL PRICES

Mexico Cuts December Prices: Will Move to Market-Oriented Mechanism 

Mexico has announced price cuts retroactive to 1 December in the prices of its 34° API Isthmus and 22.7° API Maya crudes, and has informed its customers that the retroactive adjustment of prices will also apply in January as part of a transition to a market-oriented price system which it hopes to propose in February. The price cuts, ranging from $2.101B (for US destinations) to $1.20/B...