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Nation Looks To Adjust Plan To Cut Crude Exports As Prices Surge

MEXICO
  • Mexico will most likely keep its crude oil exports at about 1mil barrels/day to take advantage of the recent price surge, temporarily delaying President AMLO’s plan to halve them as part of his energy self-sufficiency goal, according to a person with direct knowledge of the situation.
  • The government is reviewing how to use the windfall from a rally in international oil prices to subsidize rising gasoline costs for Mexicans. (BBG)

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