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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.

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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.

Keep reading...Show less