Pemex Monthly Output Lowest Since 1995 as Crude Declines Persist
This article is for subscribers only.
Petroleos Mexicanos’ July oil production fell to its lowest monthly level in almost 18 years as the world’s fifth-largest crude oil producer heads toward a ninth straight year of declining output.
Crude production dropped to 2.482 million barrels a day in July from 2.519 million the previous month, state-owned Pemex said today. July production was the smallest monthly output by Pemex since October 1995, when it produced 1.898 million barrels a day. Crude exports rose to 1.21 million barrels from 1.09 million in June.