Mexico Oil Production

MEXICO NOW FACING THE ENERGY CLIFF: PEMEX Oil Production Continues To Decline As Liabilities Mount

Posted by SRSrocco in Energy, Silver Members on November 29, 2020 — 12 comments

With Mexico’s PEMEX oil company heading over the ENERGY CLIFF, it’s a terrible situation for the United States southern neighbor. Mexico reported the lowest crude oil production during October in more than 40 years. In the last 15 years, Mexico’s oil production has fallen more than 50%. This is…

MEXICO’S OIL INDUSTRY CONTINUES TO DISINTEGRATE: PEMEX Suffers $18 Billion Loss

Posted by SRSrocco in Energy, News, Silver Members on March 1, 2018 — 23 comments

The situation in Mexico’s oil industry continues to rapidly disintegrate as falling oil production and rising costs resulted in an $18 billion fourth-quarter loss for the state-run oil company, PEMEX. Part of the reason for the huge financial loss at PEMEX was the fall in the value of the Mexican…