The decline in international oil prices handed Petroleos Mexicanos its biggest quarterly loss in company history.
Pemex, as the Mexican state-owned oil producer is known, reported a loss of 167.6 billion pesos ($10.2 billion) in the third quarter. The world’s ninth largest crude producer has now reported losses in 12 consecutive quarters dating back to 2012. Pemex reported a 60 billion-peso shortfall in the third quarter a year earlier.
Brazil Energy Insight 
Leave a comment