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Mexico oil industry has an organized-crime problem

Monday, February 8, 2016

Mexican oil prices fell after a brief rally earlier last week, slipping to $24.47 a barrel on Tuesday and prolonging the slide of one of the country’s most lucrative exports.

In addition to the continuing downstream pain — or the brutally low prices oil is being sold for on the market — Mexico’s oil industry is dealing with a severe theft problem preventing an increasing amount of its production from ever getting to market.

Source: Business Insider