Mexico Slashes Crude Oil Production Target by 129,000 BPD
2025-04-02
Reuters
Mexico has revised its crude oil production target for the year, lowering it by 129,000 barrels per day due to a cautious approach based on the first few months' performance. This adjustment reflects a prudent strategy, considering the current oil market trends and the country's production capabilities. As a result, Mexico's oil output is expected to be lower than initially anticipated, which may impact the global oil supply and prices. The revised estimate highlights the need for a balanced approach to oil production, taking into account factors like market demand and production costs. Mexico's oil industry will likely be closely watched in the coming months.
