Natural Gas Services' 15min chart triggers Bollinger Bands Expanding Downward, bearish Marubozu signal.

The 15-minute chart for Natural Gas Services has triggered a bearish signal, as the Bollinger Bands are expanding downward and the market has formed a bearish Marubozu candle at 10:00 AM on 2/10/2025. This indicates that the market trend is currently being driven by sellers, who have gained control of the market. As a result, it is likely that the bearish momentum will continue.

Mexico City, September 12, 2025 - Petróleos Mexicanos (PEMEX) reported mixed operational performance in August 2025, with crude oil production declining year-on-year while natural gas output, oil product production, and refinery processing all showed gains. Export volumes and revenues continued to fall sharply, while the number of active drilling rigs dropped significantly, underscoring the challenges facing the state-owned company as it seeks to balance upstream declines with downstream expansion.

Crude oil production averaged 1.37MMb/d in August, down 8% compared to the 1.49MMb/d reported a year earlier. Output remained below PEMEX’s 2024 average of 1.49MMb/d, with no month in 2025 so far reaching that level. The August figure was also weaker than July’s 1.38MMb/d, highlighting the difficulty PEMEX faces in stabilizing long-term production trends PEMEX Output Falls 8% in August; Mexico’s US Gas Imports Drop^[1].

Mexico’s natural gas pipeline imports from the United States fell 2.33% in July 2025, slipping from 217.9Bcf in July 2024 to 212.8Bcf. It was the first month this year to register a year-on-year decline. From January through July, Mexico imported an average of 201.4Bcf per month, equivalent to 6.68Bcf/d. The country also brought in an additional 1.5Bcf of LNG from the US, marking only the second such delivery this year after April PEMEX Output Falls 8% in August; Mexico’s US Gas Imports Drop^[1].

Grupo Carso secured a US$1.99 billion PEMEX drilling contract at Ixachi, one of Mexico’s most significant oil and gas projects. The agreement, executed through subsidiaries GSM Bronco and MX DLTA NRG 1, covers the drilling and completion of up to 32 wells over a three-year period for a maximum of US$1.991 billion .

PEMEX’s Olmeca Refinery in Tabasco earned third place in the International Project Management Association (IPMA) 2025 awards for megaprojects, highlighting the refinery’s planning, execution, and operational efficiency despite the current refining output challenges .

Mexico’s environmental regulator, the Agency for Safety, Energy and Environment (ASEA), launched a new phase of oversight in the retail fuel sector, deploying mobile laboratories to verify compliance with emissions standards at service stations. The program, supported by PEMEX, aims to strengthen monitoring and reduce air pollution .