API raises yellow card

(HOUSTON, June 22, 2020, MEI Market Note 103) — THREE WEEKS IN ADVANCE of the date when the United States-Mexico-Canada Agreement (USMCA) is scheduled to come into force, a major oil industry voice in Washington, D.C., notified senior officials of the Trump Administration of concerns about the regulatory mistreatment of its members in Mexico. The letter by the president of the American Petroleum Institute (API), dated June 11, 2020, noted that Mexico and Canada are America’s largest energy export markets.

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Written by

George Baker


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