U.S. Energy Secretary Perry has indicated his support for the new Mexican government’s aim to cut gasoline imports from the U.S. That’s somewhat surprising given the Trump administration’s focus on increasing energy exports and cutting the trade deficit with Mexico. Mexican imports of refined oil products climbed 26% on a year earlier in volume terms in 2Q and have increased steadily since 2016 due to reduced production by Pemex. U.S. suppliers including ExxonMobil and Tesoro accounted for 89% of the $29 billion imported in the past 12 months. A 63% increase in exports to Mexico from ...