Mexico says oil for domestic use, claims big find ...Middle East

Mexican officials said Thursday they have found an oil field with possible reserves of 500 million to 600 million barrels, but President Andrés Manuel López Obrador vowed not to pump more than 2 million barrels per day nationwide, the amount he says is needed to supply domestic demand. “This new policy means not pumping more oil than is needed to cover domestic demand for fuels,” López Obrador said. “In quantitative terms, this means that during our administration we will not pump out of the ground more than two million barrels per day.” In part, that is wishful thinking. The state-owned oil company Petroleos Mexicanos, or Pemex, currently produces only about 1.75 million barrels per day. Bu

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