Asia-Pacific takes Maya

摘要

Falling Mexican heavy sour Maya crude prices relative to marker WTI and global benchmarks have increased the oppor- tunity to send the grade to Asia-Pacific (see upper graph). August-loading Maya discounts to Dubai have widened by $1.25/bl in the past week, and by $4.10/bl in the past two weeks. Mexico’s Pemex is exporting 20,000 b/d of crude to China, with exports to rise to 30,000 b/d by the end of this year.