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Pemex Debt Issues Weigh on Mexican Crude Production

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Crude production by Mexico’s Pemex has been hit recently due to accumulating debt with service providers according to sources speaking with Reuters.

  • The lack of payments has caused some service providers to stop working with Pemex either partially or completely, they said.
  • Recent day by the regulator showed hydrocarbon regulator showed Mexican crude production fell 6% y/y in April to 1.75 mn bpd.
  • Crude oil production alone was 1.47 million bpd – a 45 year low.
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Crude production by Mexico’s Pemex has been hit recently due to accumulating debt with service providers according to sources speaking with Reuters.

  • The lack of payments has caused some service providers to stop working with Pemex either partially or completely, they said.
  • Recent day by the regulator showed hydrocarbon regulator showed Mexican crude production fell 6% y/y in April to 1.75 mn bpd.
  • Crude oil production alone was 1.47 million bpd – a 45 year low.