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2019-02-25 11:50:00

PEMEX PRODUCTION DOWN TO 1.62 MBD

PEMEX PRODUCTION DOWN TO 1.62 MBD

REUTERS- Mexico's Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years.

The company's crude output for the month was the lowest since at least 1990, when Pemex's publicly available records begin.

The firm's crude oil output has declined for 14 consecutive years since hitting a peak of 3.4…

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Tags: PEMEX, MEXICO, OIL, PRODUCTION

Chronicle:

PEMEX PRODUCTION DOWN TO 1.62 MBD
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

PEMEX PRODUCTION DOWN TO 1.62 MBD
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

PEMEX PRODUCTION DOWN TO 1.62 MBD
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

PEMEX PRODUCTION DOWN TO 1.62 MBD
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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