Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Mexico

Mexico's Oil Output Falls Below 2 Million Barrels per Day

The drop is largely due to Pemex's inability to find new reserves

In this Nov. 22, 2013. file photo, the Centenario deep-water drilling platform stands off the coast of Veracruz, Mexico in the Gulf of Mexico, photo: AP/Dario Lopez-Mills, File
4 weeks ago

MEXICO CITY – Mexico’s crude oil output has fallen below two million barrels per day for the first time since comparable records were kept starting in 1990.

State-owned oil company Petróleos Mexicanos (Pemex) reports on its website that average daily output in July was about 14,300 barrels short of the 2 million mark.

Production has fallen steadily after peaking at as much as 3.4 million barrels per day between 2003 and 2005.

The drop is largely due to the company’s inability to find new reserves to replace aging, shallow-water fields.

The company was unable Thursday to provide figures from before 1990, when crude output ran at about 2.5 million barrels per day.

Comments Whatsapp Twitter Facebook Share
More From The News
World

Russia: Relations with US Poor Over 'Rus ...

3 hours ago
Business

Not Home? Walmart Wants to Walk in and S ...

4 hours ago
Living

Post-Quake Threats: How to Avoid Them

4 hours ago
World

Turkey says It Won't Accept Kurdish Inde ...

4 hours ago
Most Popular

Mexico Shocked By News: Girl Trapped in ...

By The Associated Press
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Earthquake Death Toll Rises to 273

By Notimex
Mexico

Help Still Needed in Xochimilco

By The News
Mexico

The Woman Behind Cortes’ Sword

By Bob Schulman
Living