OPEC AND OIL PRICES

Mexico Slashes Prices for February

For the second successive month Mexico has substantially reduced the prices of its 34° API Isthmus and 22.7° API Maya export crudes. The new reductions, retroactive to 1 February, range from $4/B to $5.85/B (depending on destination) for Isthmus and from $7.851B to $4.90/B for Maya - meaning that since 1 November the price of Isthmus has fallen by $10.75-$11.50/B and that of Maya by $8.50-$8.70/B.

The following tables show the...