Organization of the Petroleum Exporting Countries and its allies (OPEC+)

  • Mexico’s Oil Output Hits Record Low in July

    Mexico’s Oil Output Hits Record Low in July

    Wednesday, 2nd September 2020

    Mexico’s oil output hit a record low in July at 1.605 million barrels per day (mmbbl/d), with both national oil company Pemex and private oil producer’s production down on June’s figures.

  • WTI Crude Prices Fall by 300%, Plunges Below $0 

    WTI Crude Prices Fall by 300%, Plunges Below $0 

    Tuesday, 21st April 2020

    US oil trading collapsed on April 20 as the price on the May future contract for West Texas Intermediate (WTI) - that is due to expire on April 21 - fell by over 300%, recording an unprecedented $-37.63 per barrel on April 20 against April 17’s $18.27 per barrel.