Mexico’s oil exports went up by 56% in the first quarter of 2017, according to Dallas’s Federal Reserve Bank.
The level of oil and gas production in the country has also increased steadily during the three months.
The wider economy grew, with the country’s GDP expanding, and the consensus GDP growth forecast was revised up from 1.5% to 1.7%.
Growth was driven by service-sector growth, with goods-producing industries – including mining – remaining flat.
Total exports from the country were up 8% on last year’s first quarter results.
Recommended for you
Read the latest opinion pieces from our Energy Voice columnists
- Opinion: Oil price predictions following the OPEC vote
- New privacy law will help oil and gas sector to get more out of data
- Opinion: Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020
- Production cuts have worked, but we need an extension, Kemp and de Leeuw say
- Opinion: Fuelling change for energy companies of all sizes