U.S. LOOSE VENEZUELA'S OIL 500 TBD
PLATTS - US refiners cannot rely on Mexico to replace Venezuelan heavy oil imports as the country is battling to reverse its declining production and Pemex's oil is sold under contractual basis, analysts and others say.
Pemex sends 54% of its heavy crude exports to Asia and Europe under a contractual basis, preventing US from buying more Mexican crude in the spot market, a source close to Pemex told S&P Global Platts on Tuesday.
A de facto ban on US imports of Venezuelan…
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