Mexico halts crude oil exports to some markets

True to form: Lopez Obrador (right) with Pemex director Octavio Romero Oropeza at the oil firm’s headquarters in Mexico City. The president won office with the promise of weaning the country off costly fuel imports and his efforts are finally paying off. — AFP

MEXICO CITY: Mexico’s state-controlled oil company plans to halt some crude exports over the next few months, a move that would cut supply in a tightening global market.

Petroleos Mexicanos (Pemex) cancelled contracts to supply its flagship Maya crude oil to refiners in the United States, Europe and Asia, according to people with knowledge of the situation who asked not to be named because the information is private.