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The US Commerce Department has indicated it will allow a number of applications to exchange US for Mexican crude oil, continuing the incremental easing of the US export ban. Though the volume of the swap is small, Mexico will benefit by increasing the value of refined products and taking a first step at improving the gasoline balance. In this inform we discuss implications for US export policy and the Mexican refining industry.
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US-Mexico crude swap: Evolution not revolution PDF - 978.14 KB 2 Pages, 0 Tables, 2 Figures
Description
This Oil Markets Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.
For participants, suppliers and advisors who want to look at the trends, risks and issues of the oil markets industry, this report gives you an expert opinion and analysis to help inform your decision making.
Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our inform report gives our initial view to support your decision making in the critical, immediate aftermath.
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Inform | Aug 2015
US-Mexico crude swap: Evolution not revolution
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