Crude oil export prices in Mexico 2019-2023
The North American country's export blend price had plummeted in the first months of 2020 – dipping below 13 U.S. dollars per barrel in April 2020 – following a global decrease in demand amidst the outbreak of the COVID-19 pandemic. Since May of that year, however, Mexico's export crude oil price reported a mostly recovering trend, a trend exacerbated in the first months of 2022, following Russia's invasion of Ukraine.