Pemex Output Fell 7.8% in July as Cantarell Plunged
Aug. 21 (Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, said oil output in July fell 7.8 percent to 2.561 million barrels a day as production from its Cantarell field kept sinking.As I've mentioned before, with all the stories about drug wars and immigration associated with Mexico, you almost never hear the most important economic story--oil collapse.
A year earlier, daily production was 2.778 million barrels, Mexico City-based Pemex, as the company is known, said today on its Web site. ...
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