The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery.

US Marshals were forced to use a battering ram to break down the door of a mansion when they went to arrest an American oil ...

Crude oil holds gains as traders eye 50-day MA; U.S.-China trade truce boosts oil demand outlook while rising OPEC output ...

James Laen Jensen, 68, an American oil magnate, and his family have been accused of working with Mexican cartels to smuggle over $300 million worth of crude oil into the United States.

The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will ...

Oil prices have risen this week as markets anticipate potential progress in upcoming US-China trade talks aimed at easing ...

Pemex plans to reopen mature oil wells to counter a steady decline in production, aiming for 1.8 million barrels per day ...

Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining ...

This move comes as the company faces challenges in meeting the Mexican Government's production target of 1.8mbbl/d.

According to four sources and two documents, the Mexican energy company Pemex is planning to reopen some old wells to increase production.

By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) -Mexican state energy company Pemex ...