U.S. Opens Oil Export Gateway to Mexico as Shale Supplies Build
- Mexico can import 75,000 barrels a day of light U.S. oil
- U.S. opens oil exports to second country after Canada
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The dam holding back U.S. crude exports is cracking.
For the first time in 40 years, the U.S. gave broad approval to export its crude to a country other than Canada, issuing a license to Mexico’s state-owned oil company, Petroleos Mexicanos, to import as much as 75,000 barrels a day for the next year.