Exxon jumps into Mexico fuel market with first cargo

Exxon Mobil is joining Chevron and other U.S. refiners to supply the newly free Mexican fuel market.

Exxon sent two cargoes totaling 120,000 barrel of diesel and gasoline Wednesday from its refinery in Beaumont, Texas, to a private terminal in San Luis Potosi.

The company is moving cargoes along Kansas City Southern Railway Co.’s network and plans to utilize the San Jose Iturbide terminal in Guanajuato state, which is being expanded.

Source: Bloomberg