Mexico’s state-controlled oil company plans to halt some crude exports in coming months ...Middle East

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Petroleos Mexicanos (AKA Pemex) has cancelled contracts to supply its flagship Maya crude oil to refiners in the US, Europe and Asia, according to people with knowledge of the situation - reports come via Bloomberg (gated). Pemex’s plan to suspend some exports is part of an effort to produce more domestic gasoline and diesel ahead of the June 2 presidential election, the people saidMexico on average exports about 600,000 barrels a day of Maya crude.Oil price up This article was written by Eamonn Sheridan at www.forexlive.com.

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