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Energy & Power๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico

Mexico Crude Oil and Condensate Production

- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.

Mexico Crude Oil and Condensate ProductionThousand Barrels Daily ยท 2015โ€“2023

2,5002,0001,5001,0002015: 2,267Peak2016: 2,1542017: 1,9482018: 1,8332019: 1,701Trough2020: 1,7052021: 1,7562022: 1,7852023: 1,87520152017201920212023
Source: energyinst.orgLast updated: July 2026

What Mexico Crude Oil and Condensate Production shows

Mexico Crude Oil and Condensate Production was 1,875 Thousand Barrels Daily in 2023, up 5% on 2022. The Crude Oil and Condensate Production dataset of Mexico from 2015 to 2023 provides a clear and consistent view of the countryโ€™s oil production landscape, highlighting production trends, crude oil output, condensate volumes, and overall supply patterns throughout the review period.

Trend

Lower over the period

Mexico Crude Oil and Condensate Production moved from 2,267 Thousand Barrels Daily in 2015 to 1,875 Thousand Barrels Daily in 2023 (โˆ’17.3%), an average of โˆ’2.3% a year. The series high was 2,267 Thousand Barrels Daily in 2015 and the low 1,701 Thousand Barrels Daily in 2019.

Volatility

A 25% peak-to-trough swing

The gap between the series high (2015) and low (2019) is 566 Thousand Barrels Daily. The sharpest single-year move was โˆ’9.6% in 2017.

Structure

Ranks 10 of 28 countries covered

Among the 28 countries in this dataset, Mexico ranks 10 for 2023, behind U.S. (12,927 Thousand Barrels Daily) and Russia (10,554 Thousand Barrels Daily). It accounts for 2.3% of the global total in 2023.

Full series

Mexico Crude Oil and Condensate Production by year

Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.

Scroll the table sideways to see all columns.

Mexico Crude Oil and Condensate Production, 2015โ€“2023, Thousand Barrels Daily.
YearThousand Barrels DailyChange vs prior year
2023 1,875 +5%
2022 1,785 +1.7%
2021 1,756 +3%
2020 1,705 +0.2%
2019 Trough1,701 โˆ’7.2%
2018 1,833 โˆ’5.9%
2017 1,948 โˆ’9.6%
2016 2,154 โˆ’5%
2015Peak 2,267 โ€”

Regional context

How Mexico compares in North America

Crude Oil and Condensate Production by country, 2023, Thousand Barrels Daily. Mexico is highlighted.

1U.S.
12,927
2Canada
4,935
3Mexico
1,875

Data definition

Inclusions and exclusions

Crude Oil and Condensate Production โ€” - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.

Inclusions

The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.

Exclusions

The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.

About this indicator

Crude Oil and Condensate Production โ€” - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.

Measured in million barrels per day, the dataset reflects the volume of crude oil and condensate produced from domestic oil fields, making it an important indicator of upstream petroleum activity, resource development, production capacity, and national energy supply.

Mexico produced 2.27 million barrels per day of crude oil and condensate in 2015, declining to 2.15 million barrels per day in 2016 and 1.95 million barrels per day in 2017. Production continued to decrease to 1.83 million barrels per day in 2018 and 1.70 million barrels per day in 2019, reflecting lower output from mature oil fields and reduced production capacity. In 2020, production stabilized at 1.71 million barrels per day, followed by gradual improvements to 1.76 million barrels per day in 2021 and 1.79 million barrels per day in 2022. Output increased further to 1.88 million barrels per day in 2023, marking the highest production level since 2018 and indicating a modest recovery supported by new developments and production optimization initiatives.

Overall, the dataset illustrates an overall decline in Mexico's crude oil and condensate production during the first half of the review period, followed by gradual stabilization and recovery after 2020. Although production remains below the levels recorded in 2015, the recent upward trend suggests improving operational performance and renewed efforts to strengthen domestic oil output. The dataset provides valuable insights for monitoring production performance, evaluating upstream investment, forecasting supply trends, supporting energy policy formulation, and assessing the long-term development of Mexico's petroleum sector for policymakers, researchers, investors, and industry stakeholders.

Indicator
Crude Oil and Condensate Production
Country
Mexico
Region
North America
Unit
Thousand Barrels Daily
Coverage
2015โ€“2023, annual
Category
Energy & Power
Last updated
July 2026
Source
energyinst.org

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Frequently asked questions

What is Mexico Crude Oil and Condensate Production?

Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.

What was Mexico Crude Oil and Condensate Production in 2023?

Mexico Crude Oil and Condensate Production was 1,875 Thousand Barrels Daily in 2023, up 5% on 2022.

How has Mexico Crude Oil and Condensate Production changed between 2015 and 2023?

Mexico Crude Oil and Condensate Production moved from 2,267 Thousand Barrels Daily in 2015 to 1,875 Thousand Barrels Daily in 2023 (โˆ’17.3%), an average of โˆ’2.3% a year. The series high was 2,267 Thousand Barrels Daily in 2015 and the low 1,701 Thousand Barrels Daily in 2019.

Which year had the highest and lowest Mexico Crude Oil and Condensate Production?

The highest value was 2,267 Thousand Barrels Daily in 2015 and the lowest was 1,701 Thousand Barrels Daily in 2019.

What does the Mexico Crude Oil and Condensate Production data include and exclude?

Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.

Where does the Mexico Crude Oil and Condensate Production data come from?

The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015โ€“2023 and is reported in Thousand Barrels Daily.

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