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Mexican crude oil output up slightly in June, exports down MEXICO CITY: Mexican crude oil output in June rose nearly 1 percent from the previous month, while June crude exports slid 6 percent, national oil company Pemex said on Friday.Crude production in June averaged 2.247 million barrels per day (bpd), while exports stood at 1.048 million bpd.Mexico is the world's 10th biggest crude producer, and the third largest supplier to the United States behind Canada and Saudi Arabia.Pemex has been battered by slumping output for a decade, and more recently has had to absorb major budget cuts in the face of falling international oil prices.The company has lowered its production forecast this year to 2.288 million bpd from 2.4 million bpd.A major energy overhaul finalized last year ended the decades-long monopoly enjoyed by Pemex and promises to boost output from new producers via new contracts and licenses. Copyright Reuters, 2015 ...

Oil up after 4-day loss; bets for drop in US stockpiles NEW YORK: Oil turned higher on Tuesday, recovering from near six-month lows, as bets for a drop in US crude stockpiles offset worries about a global supply glut and equity market meltdown in China.The market also saw short-covering after a four-day selloff that wiped between 6 and 7 percent off crude futures, traders said. Some remained convinced, however, that oil had more to lose, and that a bottom for the market was still far off."We're ...
China stocks rout stings world equities, commodities NEW YORK: The biggest rout in Chinese shares in eight years stoked concerns on Monday over slowing growth in the world's No. 2 economy, knocking down global equities and the prices of key commodities. The dollar eased on safety bidding for other major currencies. The euro topped $1.11 for the first time in two weeks, boosted further by strong German business sentiment data. Wall Street was down on worries over China's slowing growth, crystallized by ...
Oil hits 4-month low on China stock market dive, supply concern NEW YORK: Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted. Oil was also pressured by a sharp increase in US drilling activity with data on Friday showing producers added 21 rigs last week, the most in over a year, suggesting a ramp up in output as crude ...
Oil falls, heads for fourth weekly loss as China slows NEW YORK: Brent futures fell and US crude turned lower on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices. US crude losses follow Thursday's fall into bear market territory, with it $48.45 a barrel settlement off 21 percent from the June 10 close at $61.43. A 20 percent downturn is considered by many traders to constitute a bear market. China's factory ...
TSX drops sharply shortly after open as oil, resources drag TORONTO: Canada's main stock index tumbled shortly after the open on Wednesday, falling as much as 1 percent, as heavily weighted energy and resource stocks tracked weaker commodity prices and led losses.The Toronto Stock Exchange's S&P/TSX composite index was down 116.22 points, or 0.81 percent, at 14,260.02, after falling as low as 14,231.10. Eight of the index's 10 main sectors lost ground. Copyright Reuters, 2015 ...
Brent up on UK outage, US crude slips on Cushing data NEW YORK: Brent crude prices rose on Thursday after a power outage shut production at Britain's largest oilfield and as the August contract approached expiration at the end of the session. US crude futures gave up early gains and then turned lower on data from industry intelligence firm Genscape showing more crude inventory gains at the Cushing, Oklahoma, hub, brokers and traders said. Brent August crude was up 69 cents at $57.74 a barrel at ...


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