HOUSTON/MEXICO CITY, April 26 (Reuters) - Mexican state
oil company Pemex is reversing crude exports cuts of at least
330,000 barrels per day (bpd) planned for May amid a
smaller-than-expected oil demand by the company's domestic
refineries, two sources close to the decision said on Friday.
Pemex's international trading unit in April began enforcing
exports cuts over supply crude contracts to customers in the
United States, Asia and Europe to increase its availability of
crude for domestic refining, especially in preparation of its
Dos Bocas refinery startup.
But planned maintenance at some refineries and a
slower-than-expected startup at Dos Bocas will reduce the need
for domestic crude in May, the two sources and an additional
person with knowledge of the company's operations said.
Pemex did not immediately respond to a request for comment.