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Mexico weighs price cut in weakening oil market

Mexico, America's fourth-largest foreign crude-oil supplier, is considering cutting prices on its crude exports in April or May because of weakening world oil markets, Petroleum Intelligence Weekly reported Monday. The oil journal said Mexico is reviewing a possible price reduction for its heavy Maya crude, "because United States buyers complain they are losing money on refining it at its present price of $34.50 a barrel."

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