Mexico’s oil export cuts won’t damage global supply

Longstanding turmoil in Mexico’s state-owned oil company, Pemex, alongside newly announced export cuts, raise questions about the outlook for Mexico’s oil output. But it will not be a large enough factor to alter the global oil market balance. What’s more, lower exports will not affect overall supply to the US.  

In view of the wider interest, we are also sending this Energy Update to clients of our Latin America Economics service.