Mexico Oil Output Inches Up in September, Exports Rise

Reuters

MEXICO CITY, Oct 25 (Reuters) - Mexican state oil monopoly Pemex said on Friday it produced 2.523 million barrels per day (bpd) of crude oil in September, up just slightly from August.

Pemex said via Twitter that output last month was up 9,000 bpd, or nearly 0.4 percent, from August.

Output has rebounded since July, when production was the lowest for any month in nearly 18 years.

Exports in September rose 3.3 percent from August to 1.195 million bpd, according to data from the national statistics agency. Exports slipped in August and are down nearly 40 percent since 2004.

Mexico's crude output has fallen by a quarter since hitting a peak of 3.4 million bpd in 2004.

President Enrique Pena Nieto is seeking to push a bill through Congress to increase private investment in the oil industry and boost output in Mexico, a top exporter to the United States.

Copyright 2015 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Plant Manager - Oil & Gas Specialty Chemicals
Expertise: Chemical Engineering|Facilities Management|Operations Management
Location: Texas, TX
 
HES Specialist - PHA Facilitator
Expertise: Facilities Management|HSE Manager / Advisor
Location: El Segundo, CA
 
Chief Product Manager (Drilling)
Expertise: Drilling Consultant|Project Management|Workover or Completion
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $54.15/BBL 8.19%
Light Crude Oil : $49.2/BBL 8.80%
Natural Gas : $2.689/MMBtu 1.13%
Updated in last 24 hours