Mexico’s June Oil Output at Largest Field Falls to 4-Year Low

Aug. 1 (Bloomberg) — Mexican crude oil output at the nation’s largest field, Cantarell, fell in June to the lowest in more than four years.

Cantarell, which accounts for half of Mexico’s oil production, yielded 1.74 million barrels a day in June, a 13 percent decline from a year ago, according to data on the Energy Ministry’s web site.

Petroleos Mexicanos, the country’s oil monopoly, estimated this year Cantarell output would decline 6 percent this year to average 1.9 million barrels per day.

Bloomberg