Crude oil swaps with Mexico could provide economic and environmental benefits

U.S.-Mexico crude oil swaps approved last month by the U.S. Department of Commerce's Bureau of Industry and Security will likely involve exchanges of U.S. light sweet crude for Mexican heavy sour crude that is already being exported to the United States. The swaps, which are provided for under regulations governing U.S. crude oil exports, are expected to be economically and environmentally beneficial because of differences in crude oil qualities as well as differences in each country's petroleum refineries More »