Anybody taking advantage of this : May 4 (Bloomberg) -- Russian and Mexican crudes are trading at growing discounts to U.S. and U.K. oil benchmarks as production by nations outside OPEC reaches a record. Russiaâs Urals for loading in the Mediterranean trades at $2.22 a barrel less than Britainâs Brent crude, compared with a premium of 3 cents a barrel on July 24. The discount between Mexicoâs Maya grade and West Texas Intermediate was at $10.82 a barrel on April 30, near the widest in 17 months. Rising output from Russia and Mexico will push non-OPEC supplies up 1 percent this year to an average 52 million barrels a day, according to the International Energy Agency. At the same time, quota violations among members of the Organization of Petroleum Exporting Countries means global production will increase at a time when the need for oil is diminishing. âInventories are growing and non-OPEC supply is expanding and OPEC continues to leak,â said Victor Shum, a senior principal at consultants Purvin & Gertz Inc. in Singapore. âMarket bulls should be concerned about the supply overhang.â The U.S., Mexico, China and Russia have been responsible for most of the growth, boosting output for the past five consecutive quarters, according to an April 27 research note by Barclays Capital. Non-OPEC production reached a record high 49.6 million barrels a day in March, according to data from Energy Intelligence Group. http://www.bloomberg.com/apps/news?pid=20601087&sid=aA5QAgx7iuLQ&pos=6 A "discount" should be worth looking at,or ?