Tag: Mexico

Sep 28

Peak Cheap Oil: Cantarell hits record low

Cantarell’s production has slid 74 percent since 2006 to 449,000 barrels a day last year, dragging down the country’s daily output. Cantarell’s output fell 14 percent from April 2011 to 400,000 barrels a day, the lowest since at least 1990, when the Energy Ministry started to publish Pemex’s production. Petroleos Mexicanos, the world’s third-largest oil …

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