Mexico’s Maya price, setting the value of a heavy crude

As a new enhancement to our service, we are adding the Maya price forecast to the Macro Oils short term outlook as part of the benchmarks updated every month. The Maya forecast will provide an additional view of the light-heavy differential in the Atlantic Basin for a better understanding of the Gulf Coast refining hub and how these dynamics can affect the global market. This insight, by way of explaining the impact of the new Maya pricing formula announced by Pemex on 17 October 2019, explains our current short-term forecast of the Brent-Maya differential.