MEXICO CITY – Mexico’s state-owned oil company Petroleos Mexicanos, or Pemex, said Tuesday that it expects to increase crude-oil production in the final months of the year, which will allow it to match 2011’s output of 2.55 million barrels a day on average and to avoid an eighth-straight year of declining oil output.

via RIGZONE – Pemex Boosts Crude-Oil Output to Try and Break 7-Year Slide.