Sunday, April 27, 2014

Mexico oil sector decline drags on economy "Mexico is one of the top 10 oil-producing countries in the world, with an estimated 10 billion barrels of proven reserves as of 2013.

EIA said Mexico produced an average 2.5 million barrels of crude oil per day, a level that's more than 20 percent less than its peak from 2004-09.

"Notably, crude oil production in 2013 was at its lowest since 1995 and continues to decline thus far in 2014," it said in its Thursday report."

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