Production of its Magna gasoline product, the most used in the country, has fallen by almost 30% this year alone
West Texas Intermediate fell by 13 cents and Brent fell by two cents
Mexico's oil regulator also approved a week-long extension on the final publication of clarifications to the joint operating agreement between Pemex and its future partner to Oct. 14.
Peso closed at 19.2955 per dollar, up 0.39% compared to last Friday
The second phase of the so-called Round Two tender will feature licenses, the Mexico's oil regulator (CNH) said.
Gulf Mexico plans to open 100 gas stations this year in Mexico's 18 biggest cities, and ramp up to about 17 percent of the national market in three years.
Delegations from Colombia, Ecuador, Mexico and Venezuela met in Quito in the run-up to a meeting in Doha on April 17 that oil exporters hope will help reduce a supply glut.
Due to a prolonged rout in global oil prices, Pemex said last month it would put billions of dollars worth of projects on hold, including those focused on exploration.
Mexico will import light crude produced in the United States to test in its refineries this year.
The weakness in Russia, Mexico, and Norway as a derivative of lower commodity prices doesn’t look likely to change anytime soon.