Pemex Sees 7.5% Decline in Crude Output from Jan-Oct


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MEXICO CITY (Dow Jones), Nov. 20, 2009

Pemex said Friday its crude oil production averaged 2.61 million barrels a day during the January-October period, down 7.5% from the same period in 2008.

Crude output in October totaled 2.60 million barrels a day, virtually unchanged from the previous month, but lower than the 2.76 million barrels a day reported in October 2008.

Pemex's crude exports in the first 10 months of the year averaged 1.22 million barrels a day, down 13% from 1.40 million barrels a day in the same period last year.

Crude exports rose to 1.24 million barrels a day in October from 1.13 million in September, but were down from 1.43 million in the year-ago month. The average price per barrel was $68.79, compared with $64.10 in September and $60.27 in October 2008.

Pemex said its natural gas production in the 10-month period rose to 7.051 billion cubic feet a day from 6.842 billion cubic feet a day in the year-ago period. In October, natural gas production totaled 7.170 billion cubic feet a day.  

Copyright (c) 2009 Dow Jones & Company, Inc.

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Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
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