VOL. XLV

No 4

28-January-2002

PUBLICATION RECEIVED

OIES Publishes Study On PEMEX AndPDVSA Heavy Crude Market In US Gulf

The Oxford Institute for Energy Studies(OIES) has published a study of the major market for heavy crude exports fromMexico and Venezuela, entitled The Market for Heavy Sour Crude Oil in the USGulf Coast: The PEMEX/PDVSA Duopoly.* Competition in this market is betweenthese two players, both of which place stringent non-resale conditions on theircrudes, and the study shows that...