Mexico's incoming President faces a challenge to maintain energy independence as domestic crude supply reaches a 40-year low.

Mexico's incoming President, Claudia Sheinbaum, faces a challenge to fulfill her predecessor's ambition for energy independence, as domestic crude supply declines to a 40-year low. This slump could result in Mexico importing crude to feed its expanded refinery capacity by the next decade, reversing its role as a key global exporter. In recent years, state-owned Pemex has failed to meet local fuel demand due to its outdated refineries, causing Mexico to export crude but import gasoline and diesel, mainly from the US.