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Mexico to keep its current level of oil production

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Mexico to keep its current level of oil production

Mexico City, Dec 5 (Prensa Latina) Mexico will maintain its oil production unchanged, like the Organization of Petroleum Exporting Countries and its associates (OPEC+), announced Rocío Nahle, head of the Secretariat of Energy (Sener).

On Sener’s web page today, Nahle’s declaration appears where she confirms that the Mexican government participated in the 34th OPEC+ meeting, and there are no changes with respect to the previous meeting; there are no extraordinary production cuts.

Thus, Mexico’s production will remain at an average of one million 753 thousand barrels per day at least until December,2023, while OPEC+ will leave it at two million barrels per day.

In a press release, the international oil organization announced that after the 34th ministerial meeting that took place online yesterday, Sunday, the decision was made not to increase or decrease production, given that this has been the necessary and correct course of action to stabilize world oil markets.

The participating countries reiterated their readiness to meet at any time and take immediate additional measures to address market developments and support market balance and stability if necessary, OPEC said, according to the website.

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