China To Release Millions Of Barrels Of Imported Oil Stuck At Ports

The U.S. Energy Information Administration (EIA) has reported that energy trade in 2022 between the United States and Mexico totaled $81.9 billion in real prices, an all-time high. U.S. energy exports to Mexico in real prices totaled $55.8 billion in 2022, up from the previous high of $45.4 billion in 2021, again an all-time high.

The U.S. was a net importer of crude from Mexico but a net exporter of petroleum products and natural gas. U.S. crude oil imports from Mexico averaged 536,000 barrels per day (b/d), a 9%Y/Y increase. The total value of…