Mexico Slashes Crude Oil Production Forecast by 129,000 BPD
2025-04-02
Reuters
Mexico's finance ministry has reduced its average crude oil production estimate for this year by 129,000 barrels per day, adopting a cautious approach based on the first few months' performance. This revised forecast reflects a more realistic outlook, considering the current trends in the energy sector. The move is expected to impact the country's oil industry, with potential implications for the global oil market and crude oil prices. Mexico's oil production has been facing challenges, and this adjustment aims to provide a more accurate prediction. Key factors, such as oil demand and supply chain disruptions, will continue to influence the industry's trajectory.
