Oil and Gas Today with Chris Faulkner – Podcast #485

The US imported 850,000 barrels per day of crude oil from Mexico last year, the lowest volume since 1993.

In the past decade, US crude oil exports from Mexico fell 47% primarily as a result of declining production of crude oil. Despite the decline, Mexico was the 3rd largest source of crude in the US behind Canada and Saudi Arabia.

Conversely, US exports petroleum products to Mexico have increased 152% in the past decade. Last year the US exported 520,000 petroleum products to Mexico including 46% of total as gasoline.

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