Mexico’s finance ministry has revised the country’s crude oil production rate for the year by 129,000 bpd less than previously expected. Instead of 1.8 million bpd—the target set by President Claudia Sheinbaum—Mexico is seen producing 1.762 million bpd, Reuters reported, citing the ministry. Production next year, however, is expected to rise to 1.775 million barrels daily as a result of “development of new strategic projects and the eventual incorporation of additional fields if exploration proves favorable,”…
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