Mexico seen trying to keep everyone happy on its oil output levels

04/02/2001
There are some doubts that Mexico actually will cut its oil production, despite an official announcement that the country will cooperate with the Organization of Petroleum Exporting Countries' production cut.Mexico's Energy Secretariat last week announced its exports will be reduced by 40,000 b/d as of Apr. 1 in response to OPEC's cut."I would not anticipate much, if any, actual physical cut," said Simmons & Co. analyst Dan Pickering. "It's very difficult to read the tea leaves with Mexico. They are trying to keep everyone happy," he said.Petroleos Mexicanos Director Gen. Raul Munoz told reporters in Mexico City that the slowing US economy would influence the decision, whi...
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