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Mexican President Andres Manuel Lopez Obrador is boosting Pemex's budget to $23 billion next year to reverse flagging oil production and increase domestic fuel output.
Crude oil futures plunged Tuesday, but natural gas regained some of its recent lost momentum.
Crude oil futures posted week-on-week losses, and natural gas posted an even bigger decline for the period.
Texas Alliance of Energy Producers
Texas Oil & Gas Association
National Federation of Independent Business