Mexico | Pemex’s oil production keeps falling
Published on Monday, May 5, 2025
Mexico | Pemex’s oil production keeps falling
Summary
The production of liquid hydrocarbons of Pemex in the first quarter of 2025 vs. the previous quarter showed a decrement of 55.1 thousand barrels a day mainly due to a lower production of heavy and light crude oil by 63.8 thousand barrels a day.
Key points
- Key points:
- The production of new fields averaged around 518 thousand barrels a day of liquid hydrocarbons in the first quarter of 2025 vs. 521 thousand in the previous quarter.
- Pemex’s export and domestic sales showed an annual change of -7.6% and 1.2% in the first quarter of 2025, respectively.
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Energy and Commodities
Tags
Authors
Arnulfo Rodríguez
BBVA Research - Principal Economist