Despite global economics wreaking havoc on Pemex, Mexico’s insular ‘energy sovereignty’ policy continues.
Brouillette says he expects the Chinese to honor their agreement to buy $50 billion of US oil, LNG and coal over two years.
The decision, in effect for a year, could increase US petrochemical exports to China.
South Korea passes Canada as the top importer of U.S. oil; China is No. 3.
Sanctions forced Indian importers to seek other suppliers.
Cartel members concerned about price slides stemming from trade disputes.