Mexico’s state-owned producer Pemex reported a continued decline in its crude oil production last month, which was partially offset by a modest uptick in condensates, natural gas liquids and gas output. In May, the company produced 1.68 million b/d of crude, down just a fraction of one percent from output at 1.69 million b/d in the month prior, statistics released late Monday showed. Aggregate production of condensates and NGLs totaled over 221,000 b/d, an increase of just 600 b/d from the April average. Total liquids production at Pemex in May was lower for the third consecutive month at 1.9 million b/d, but remained higher compared to an annual low in January […]