Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday, underscoring the challenges facing a government that vows to pump far more in a few years. The company’s crude output for the month was the lowest since at least 1990, when Pemex’s publicly available records begin. The firm’s crude oil output has declined for 14 consecutive years since hitting a peak of 3.4 million bpd in 2004, as Mexico’s most prolific fields have dried up and new ones to replace them have not been discovered. Pemex’s crude production averaged 1.81 million bpd in 2018. The company’s crude oil exports also fell in January to […]