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Page added on January 31, 2007

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Mexican Cantarell Oil Field in Decline: Prelude to a Larger Crash?

Daily output at Mexico’s biggest oil field tumbled by half a million barrels last year, according to figures released Friday by the Mexican government. The ongoing decline at the Cantarell field could pressure prices on the global oil market, complicate U.S. efforts to diversify its oil imports away from the Middle East, and threaten Mexico’s financial stability.


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