Highlights Pemex produced 1.5 million b/d of crude in April, the lowest since the 1970s Private operators continue to show good results Natural gas production rises slightly Crude production at Mexico’s state oil company Pemex has reached a new multi-decade low in April, according to official data published May 26. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now With a portfolio of declining fields and limited exploration, Pemex has been unable to take advantage of high global prices in a tight market as major consuming nations avoid Russian crude after the invasion of Ukraine. Pemex produced 1.5 million b/d of crude in April, according to National Hydrocarbons Commission data. A little over 50%, or 817,000 b/d, of total output came from seven fields, CNH said. The figure had not been so low since the 1970s, before the company discovered Cantarell in 1979, at […]