To confront the declining trend in oil production, the Mexican government has opened the energy sector to private investment, which could have positive impacts over the medium term. 4  The general view of analysts as well as the futures markets point towards a slow recovery for oil prices in the medium-term.
For example, the U.S. Energy Information Administration (EIA) forecasts West Texas Intermediate (WTI) crude oil prices to average 35 dollars per barrel in 2016 and 41 in 2017; see U.S. Energy Information Administration (2016). Short-Term Energy Outlook, April.