Mexico’s oil firm Pemex saw its oil production decline by 6% in August compared to August 2023 as outgoing Mexican President Andres Manuel Lopez Obrador has failed to turn around the fortunes of the heavily indebted state-owned company. Pemex produced a total of 1.77 million barrels per day (bpd) of liquids, which include crude oil and condensate, last month, down by 6% compared to August of last year, according to company data cited by Reuters.
Crude oil production only averaged below 1.5 million bpd in August, as Pemex’s crude output…Pemex Oil Output Dips as Outgoing Mexican President Fails to Bolster State Giant
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