Mexican state oil giant Pemex has recently ramped up oil shipments to Asia, particularly of Isthmus light crude, because of changes in blends processed by domestic refineries, senior company executives said on Tuesday.
Pemex's [PEMX.UL] shipments to Japan, China, India and South Korea rose to 214,000 barrels per day in April from 193,000 bpd in March, official figures show.
Most of those April shipments headed to Japan.
That increase is likely to be sustained in May, according to Thomson Reuters oil flow data and traders, who say several shipments of Mexican crude sold in the cash . . .