As Mexico is slashing oil exports, U.S. imports of Mexican crude slumped last week to the lowest level on record, data from the Energy Information Administration (EIA) showed this week. Weekly U.S. crude oil imports from Mexico fell to 209,000 barrels per day (bpd) in the week to April 5, the data from the EIA showed, as Mexican state oil firm Pemex is cutting exports to divert more crude to domestic refineries. To compare, U.S. imports of Mexican crude averaged more than 730,000 bpd last year. Mexico has started to cut…
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