Highlights New fields under development will yield light crude Mexico aims to increase domestic crude refining, curbing heavy exports Pemex needs a significant financial boost to achieve its output potential Mexico City — The future of Mexico’s heavy crude exports is uncertain as major consumers like India and the US seek alternative supply sources for heavy oil amid sanctions introduced by US President Donald Trump on Iran and Venezuela, analysts said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Concerns about Pemex’s capabilities to raise production and about ambitious government-set refining level goals are factors relevant to refiners considering Mexico as an alternative supply source of heavy oil, Arturo Carranza, an energy analyst with consultancy group Mercury in Mexico City, told S&P Global Platts. “There is much uncertainty surrounding Mexico’s crude balance, I have some skepticism in general terms that heavy crude exports could be […]