OPEC AND OIL PRICES

Mexican Average Price Falls to $11.25/B in March

The Mexican national oil company Pemex has announced that the average price of its oil exports in March fell by $3.20/B to $11.25/B. In a statement issued on 16 April Pemex said that in March the price of 34° API Isthmus crude averaged $11.99/B and that of 22.7° API Maya $10.14/B.

As of 15 February the Isthmus price ranged from $14.50/B to $16.00/B and the Maya price from $13.00/B to $13.50/B, depending on...