Petroleos Mexicanos, better known as Pemex, narrowed its loss in the third quarter by 14% YOY to MXN 101.8 billion ($5.6 billion) as the company coped with a drop in lower output. The Q3 loss broke the company’s streak of three profitable quarters. Deputy treasurer Roberto Cejudo told analysts that the quarter was difficult on many fronts but especially in operations, showing a 12% YOY decline in Q3 crude production to an average 1.884......
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