In
recent days, the energy commodities markets have displayed a bearish reaction,
primarily driven by a significant increase in gasoline stocks, surpassing
expectations due to weakened demand. However, it's crucial to note that oil
stocks are currently at their lowest levels since December 2022, indicating
that it might be premature to adopt a pessimistic outlook for the energy
complex.
Looking
ahead, the diesel market is more likely to face scarcity rather than reduced
demand in the upcoming months. This prediction is based on historically low
stock levels in Europe and the United States for this time of the year. The
latest report from the Energy Information Agency reveals a 1.3 million barrel decrease in US stocks, approximately 13%
below the 5-year average.
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The rising U.S. production has enabled the country. to become a net exporter. Mexico stands out as one of the most significant consumers of U.S. natural gas, driven by its strategic advantage of readily accessible pipeline infrastructure. This has resulted in a rapid upswing in exports to the southern neighbor.
According to data from Wood Mackenzie, Mexico's electric power sector has experienced a steady annual growth rate of 3% in recent years. While Mexico successfully bolstered its domestic production in 2022, reducing its dependence on American LNG exports, but this year's demand surge has boosted imports from the U.S. to bridge the supply gap.
![](https://lwfiles.mycourse.app/649cb3acac2c0641db4c86b2-public/1d47dad22edb3c4238473cd4d4e5a4e0.png)