US biggest buyer of Mexico's export crude

Feb 25, 1998 01:00 AM

Dec. 8, 1997 Statistics from the state oil company Petroleos Mexicanos indicate that the United States is by far the country's leading client for export crude. This year, the U.S. has purchased an average of 80% of Mexico's crude exports, that is, an average of 1.4 mm barrels a day, at prices that have varied between 14.71 and 20.20 dollars a barrel. Next comes Spain with 5.1% of Mexico's crude exports, approximately 100,000 bpd. The consolidated total from the rest of the Americas, excluding the U.S., accounts for slightly more than Spain, representing 7.6% of Mexico's crude exports.

Source: not available
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