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Mexico's Newest 'Mizton' Crude in Demand from US Refiners
Shipments of Mexico’s new crude, known at Mizton, are finding their way to US refiners as a replacement for Russian flows according to Refinitiv. The shipments began in April of this year.
- The shipments are being made by Eni, the first outside oil company to export crude from Mexico.
- Four vessels chartered by Eni have discharged at US ports since April, carrying a total of 2.2 million barrels.
- A fifth Eni cargo of 525,000 barrels of Mizton on Aframax tanker Nippon Princess is scheduled to discharge this week on the US East coast.
- Mexico’s Pemex will start shipping its share of the grade in the coming months.
To read the full story
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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.