Fuel Oils Export of Mexico: The in-depth Trade Overview of 2024
Fuel oil is a type of liquid petroleum product used for generating heat, power, or energy. It is a globally essential commodity due to its wide demand and transportability worldwide. The capacity of some central regions across the globe to produce more fuel oil, along with others lacking domestic production, has maintained continuity in global trade, despite challenges related to price transparency and economic valuation. Mexico Import Data says, the country in North America bordered by the United States and Guatemala in the north and south direction is right now the topmost contributor towards the worldwide export market of fuel oils due to the ability to produce multiple grades of its type and the efficient refinery operations. The storage terminals for bulk fuel oils and the export terminals near the major refineries have maintained the continuity of the trade output and have resulted in a total valuation of fuel oil exports worth 1.42 billion US dollars in 2024. The stable politic...