U.S. May Swap Light Oil for Mexican Crude, Sieminski Says

The U.S. might consider exporting light, sweet crude to Mexico in a swap for heavy crude, Adam Sieminski, administrator of the U.S. Energy Information Administration, said today at a conference in Houston.

Mexico produces mostly heavy crude while its refineries are set up to run light, sweet oil, Sieminski said. Many U.S. Gulf Coast refiners are configured to run heavy crude while the U.S. is boosting production of light, sweet oil.