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Mexican Fuel Oil Exports Surge to the US and Netherlands 2023

OIL PRODUCTS

High sulphur fuel oil exports by Mexico's Pemex reached 218,748 b/d during the first five months of the year, up by 24pc compared with the same period in 2022 and the highest for January-May since the company reported its fuel oil exports in 1990.

  • In the first five months of this year, Mexican residual fuel oil exports to the Netherlands more than tripled to about 9,300 b/d, up from about 2,130 b/d during the same period last year according to Vortexa figures.
  • The Netherlands if pulling more now that Russia is no longer a supplier.
  • Mexican fuel oil exports to the US jumped in by 49pc to about 161,100 b/d in 2022 from about 108,200 b/d in 2021, also as access to Russian fuel oil has been hit by sanctions.
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