May 24, 2024 07:39 GMT
Mexican Crude Production Slips to Multi Decade Low
OIL
Mexico’s Pemex produced 1.47mn bpd of crude in April, the lowest in over 40 years according to regulator data this week.
- Pemex's crude oil production fell 5.9% year-on-year and 12% since December 2018 when Mexican President Amlo said he would revive the company.
- Along with desires to keep domestic production for its own refineries, it further cements Mexico’s output for global markets as tightening through 2024.
Source: CNH via Platts
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