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Mexico fears further drop in production of oil

Thursday, March 5, 2015

Falling oil production remains the most important risk to Mexico's economy this year and may force the government to tighten spending further into 2016, Mexican Finance Minister Luis Videgaray said.

Speaking to reporters at the London Stock Exchange, Videgaray said the risk was that oil production could fall further, following January's output decline which sent production to the lowest since mid-1990s.

Source: Reuters