Mexico’s president-elect Andres Manuel Lopez Obrador on Tuesday criticized state-run Pemex’s plan to import U.S. light crude from refiner Phillips 66, calling it a sign of the country’s failed economic policies. Mexico’s President-elect Andres Manuel Lopez Obrador talks to supporters as he continues with his tour to thank supporters for his victory in the July 1 election in Monterrey, Mexico October 19, 2018. REUTERS/Daniel Becerril Pemex [PEMX.UL] is set to begin crude imports in November, for the first time in over a decade. It needs them to feed Mexico’s main refinery, which is working below capacity due to a lack of light oil. The purchase of 1.4 million barrels of U.S. Bakken crude will follow a tender awarded earlier this week to Phillips 66. Up to 100,000 barrels per day (bpd) of crude imports are planned for the last quarter of 2018. “This announcement … […]