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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Refinery fires lift Mexican crude exports to a 4.5-year high according to Kpler.
- Mexican crude exports reached 1.29 Mbd in June, marking the highest monthly pace since February 2019. This is specifically driven by loadings from Salina Cruz, which have risen to 222 kbd in June, up from around 30 kbd m/m.
- The US remains the primary destination for Mexican crude, accounting for about two-thirds of the flows, followed by Spain (15%), India (6%) and South Korea (5%).
- China has stepped up its purchases of Mexican crude, bargain-hunting ahead of the end of seasonal refinery maintenance.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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