MNI BRIEF: BoS Revises 25’ CPI Up To 2.5%, 26’ Unchanged

MNI China Daily Summary: Tuesday, March 11

MNI BRIEF: 'Momentus and Dangerous' Geopolitical Shift - Rehn

MNI NBP WATCH: Rate Hold; Projections To Give Cut Timing Clue

MNI INTERVIEW: Czech National Bank Seen Holding This Month

MNI INTERVIEW2: China Developers Need More Help To Consolidate

MNI: US BLS: JOLTS OPENINGS 7.740M IN JAN; DEC REVISED TO 7.508M

MNI: US BLS: JOLTS QUITS RATE 2.1% IN JAN; DEC REVISED TO 1.9%

MNI: US REDBOOK: MAR STORE SALES +5.7% V YR AGO MO

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Mexico's Pemex Looks Towards Other Buyers Following Tariffs

OIL
BulletEnergy BulletsCommodities

Mexico’s Pemex is in crude supply talks with buyers in Asia, China and Europe as it looks to diversify its options following the recent tariffs with the U.S. a senior Mexican official said to Reuters on Thursday.

  • Two sources at PMI Comercio Internacional, Pemex's trading arm, confirmed to Reuters that China, India, South Korea and even Japan would be suitable markets for what Pemex produces in the face of tariffs but would come with higher shipping costs.
  • The official added that Mexico is not offering discounts to try and maintain U.S. buyers.
  • Canada is in a trickier situation with a lack of export options because of its pipeline infrastructure to Midwest refiners. They are expected to be forced to offer discounts.  
118 words

To read the full story

Close

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.

Mexico’s Pemex is in crude supply talks with buyers in Asia, China and Europe as it looks to diversify its options following the recent tariffs with the U.S. a senior Mexican official said to Reuters on Thursday.

  • Two sources at PMI Comercio Internacional, Pemex's trading arm, confirmed to Reuters that China, India, South Korea and even Japan would be suitable markets for what Pemex produces in the face of tariffs but would come with higher shipping costs.
  • The official added that Mexico is not offering discounts to try and maintain U.S. buyers.
  • Canada is in a trickier situation with a lack of export options because of its pipeline infrastructure to Midwest refiners. They are expected to be forced to offer discounts.