Mexico's Pemex oil production falls 5.6% in September as gasoline, diesel production rises

MEXICO CITY, Oct 29 (Reuters) – Mexico's state energy company Pemex produced 5.6% less crude oil and condensate year-on-year in September, an average 1.65 million barrels per day (bpd), according to data it released late on Tuesday. The heavily-indebted driller has struggled to boost production, despite cash injections and tax relief since the previous administration, as many fields are being depleted and new discoveries have not managed to make up for this. Crude oil processing at the seven local refineries increased 7.7% year-on-year in September to 949,772 bpd but remained almost 10% below August levels. The seven refineries are collectively running at 68% of their joint capacity, which Pemex recently adjusted to 1.4 million barrels per day (bpd). This downward adjustment came despite t