You are here: Home » Reuters » News
Business Standard

Analysis: Rail gains steam in race to supply Mexico with U.S. fuel

Reuters  |  NEW YORK 

By Devika Krishna KumarNEW YORK (Reuters) - A big winner from surging imports of energy products into Mexico from the United States is the rail industry, benefiting from weak pipeline systems beset by a lack of connectivity, limited capacity and rampant theft. Fuel exports from the United States to Mexico have shot up by about 40 percent over the last two years. Today, Mexico stands as the top U.S. export market - absorbing about 1 million barrels a day, worth roughly $20 billion annually in trade. And no slowdown is on the horizon. For one thing, experts say, Mexico faces supply constraints ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, January 08 2018. 18:17 IST