Peru’s Crude Gains Share in U.S. as Mexican Exports Slump ...Middle East

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Peru’s Crude Gains Share in U.S. as Mexican Exports Slump
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U.S. refiners are turning to rare niche crude grades from Latin America to fill the gap left by declining imports from Mexico, according to vessel-tracking data. Last year, U.S. imports of crude from Mexico fell to their lowest in decades, per data from the Energy Information Administration (EIA). Mexico’s state oil giant Pemex has been struggling with a decline in production, while it has also left more volumes of crude oil at home to be refined domestically at the new refinery that former president Andres Manuel Lopez Obrador wanted built.…

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