News of oil

Argentina soyoil trades at decade low to US on harvest, biofuels

08-05-2026 18:12 Argentine farmers are collecting a bumper soybean crop forecast to be 48.6 million metric tons, according to the Buenos Aires Grain Exchange.

ANALYSIS

Vaca Muerta turns global oil shock into opportunity for Argentina

03-04-2026 06:38 Argentina’s shale boom is reshaping its economy. Rising global energy prices were once a historic vulnerability, now they’re into a growing source of external strength.

by Santiago del Carril

YPF CASE – ANALYSIS

Argentina’s New York battle scars

03-04-2026 06:20 The Argentine Republic is a veteran of many battles in New York Courthouses and the YPF case is one of its most epic stand-offs.

by Agustino Fontevecchia

STATE ENERGY FIRM

YPF shares soar to 15-year high on Wall Street after court ruling

01-04-2026 10:47 State energy firm’s share price surpasses US$48, returning to pre-nationalisation levels, against a backdrop of a sharp rise in crude oil prices; Surge driven by a combination of global factors and positive local developments following New York court ruling that has reduced uncertainty surrounding the firm.

ENERGY & GAS

Mercuria-backed oil driller plots US$6-billion Argentina shale push

30-03-2026 14:31 Phoenix Global Resources is preparing a US$6-billion expansion in Argentina’s booming Vaca Muerta shale patch.

GLOBAL ENERGY MARKET

Oil surge elicits tough love from Trump’s Latin American allies

29-03-2026 10:23 The crisis in the Strait of Hormuz is rippling beyond Asia. Though Latin America is far from the key oil and gas artery that’s been mostly choked off by Iran, it’s still heavily exposed to oil price volatility.

POLITICS & ECONOMY

Milei hails court win, slams opposition in YPF national broadcast

27-03-2026 22:57 President celebrates YPF court ruling in Argentina’s favour and picks out Cristina Fernández de Kirchner and Axel Kicillof for criticism, declaring: “Expropriation is wrong because stealing is wrong”

POLITICS

Milei targets Kicillof after Argentina secures YPF court victory

27-03-2026 16:00 Milei slams opposition in wake of favourable YPF ruling in US courts; Government blames Kicillof for decade-long litigation while Peronists say ruling defends “sovereign decision.”

YPF NATIONALISATION CASE

Win for Argentina as US court overturns US$16bn judgment over YPF seizure

27-03-2026 12:54 Milei hails decision as US appeals court rules in Argentina’s favour; Government could avoid US$16-billion judgement to Burford Capital.

YPF NATIONALISATION CASE

YPF: Argentina gets US$16-billion US judgement tossed on appeal

27-03-2026 12:23 US appeals court ruling marks a significant victory for President Javier Milei and helps clear the government’s path to a return to international markets.

YPF NATIONALISATION CASE

Argentina wins discovery stay in US$16-billion YPF US court case

18-03-2026 22:17 Government wins order blocking holders of a US$16.1-billion US judgment against it in YPF nationalisation case.

MIDDLE EAST CONFLICT

Iran says US, Israel struck giant gas field as war escalates

18-03-2026 10:08 Israel and the United States maintain bombardment of Iran; Tehran launched fresh waves of missiles and drones at the United Arab Emirates, Saudi Arabia and Kuwait after confirming the assassination of its security chief, Ali Larijani.

FEATURE

Oil expats desperately needed in Venezuela don't want to go home

12-03-2026 11:20 Expats are torn between a desire to rebuild their homeland and preserving the hard-won prosperity they’ve achieved abroad, for themselves and their families.

GLOBAL OIL MARKET

Middle East oil shock is ‘largest supply disruption’ in history, IEA says

12-03-2026 10:56 Iran launches new wave of attacks; Strait of Hormuz – through which a fifth of global crude passes – effectively shut down; Oil prices soar, trading above US$100; International Energy Agency bemoans "largest supply disruption in history of global oil market.”

ENERGY & GAS

YPF says fuel prices will not change despite oil price surge

09-03-2026 17:03 Horacio Marín, CEO of state-controlled energy firm, says its "micropricing" strategy will smooth volatility amid Middle East conflict.

ENERGY & GAS

Milei’s expanded incentive plan set to draw shale oil investors

03-03-2026 13:46 YPF, Vista Energy and Pampa Energía eyeing RIGI programme after Milei administration broadened it to include shale oil wells.

ENERGY & GAS

YPF chief readies war chest for shale push as Milei bolsters oil

19-02-2026 16:59 YPF SA is setting aside funds to keep spending in the fast-growing Vaca Muerta basin, says Horacio Marín.

CUBA CRISIS

How Latin American countries are responding to Cuba's oil crisis

19-02-2026 00:01 US oil embargo on Cuba has drawn varied responses across Latin America, ranging from offers of aid and political support to silence.

VENEZUELA OIL INDUSTRY

US eases Venezuela sanctions after oil sector reforms

30-01-2026 09:11 Venezuela adopts reform package that will open up its nationalised oil sector to private investment; Delcy Rodríguez moves to appease the United States and Donald Trump following the toppling of leader Nicolas Maduro.

ENERGY & GAS

Milei spurns Techint billionaire Rocca as Indian firm wins pipeline bid

27-01-2026 14:14 Flagship pipeline project championed by Milei administration chooses foreign supplier over a local giant run by one of Argentina's richest men.

CHANGE IN VENEZUELA?

Venezuela looks to woo US oil majors with new US-educated investment czar

20-01-2026 18:34 Interim leader Delcy Rodríguez names US-educated banker Calixto Ortega Sánchez as new head of Venezuela's main investment agency, an apparent overture to US investors.

BEYOND THE HEADLINES

Is Vaca Muerta now a dead cow – and EU-Mercosur deal a cherubic baby?

17-01-2026 00:12 Today will go down as a historic day with the world’s biggest free-trade area numbering over 700 million consumers signed into being in the Paraguayan capital of Asunción.

by Michael Soltys

Analysing Argentina

Venezuela: Is Milei on the right or the wrong side of history?

10-01-2026 06:51 A Venezuelan comeback, especially if it entails large investments in rebuilding infrastructure, would be a direct regional competitor for Vaca Muerta, a development that has improved its production efficiency but still needs to streamline costs.

by Marcelo J. García

VENEZUELAN OIL INDUSTRY

Trump says United States could run Venezuela and its oil for years

08-01-2026 14:52 Trump says in New York Times interview that the US would be running Venezuela and extracting its oil for years. “We will rebuild it in a very profitable way,” he told the newspaper.

Trump ousts Maduro

Argentina backs Trump’s plan to ‘run’ Venezuela, downplays call for elections

07-01-2026 17:31 Casa Rosada accepts that elements of Maduro regime will remain in place in Venezuela and do not view calls for free elections as viable; Milei, who has cooled on Machado’s potential leadership of nation, will back Trump’s intervention in upcoming Davos speech.

OIL & GAS

United States says it will control Venezuela oil exports indefinitely

07-01-2026 17:06 Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts.

PROFILE: DELCY RODRÍGUEZ

Venezuela’s new leader is the oil industry’s long-time ally

06-01-2026 13:52 Delcy Rodríguez oversees Venezuela’s oil apparatus and has decades of relationships among the remaining socialist stronghold in government.

CRISIS IN VENEZUELA

The US and Venezuela's vast oil reserves: key questions

04-01-2026 14:53 Venezuela has the largest proven reserves in the world, with 303.221 billion barrels, according to OPEC

ENERGY & GAS

YPF seeking US$12.5-billion financing from JP Morgan for LNG project

18-12-2025 00:55 State energy company negotiating the entry of a new partner to replace Shell with a target of 18 million tons LNG projection. Next year, investment will jump to US$6 billion despite lower crude oil prices.

by Eugenia Muzio

OIL & GAS

YPF and partners secure Chile export route for Vaca Muerta shale oil

05-12-2025 17:51 YPF, Shell, Equinor and Vista to export shale oil to Chile through 2033; Deal foresees up to 70,000 bpd initially and could generate US$12 billion in export revenue, companies say.

ENERGY & GAS

Milei signs deal with Chubut to scrap export duties on conventional oil

20-11-2025 16:50 National government and Chubut Province sign agreement to eliminate export duties on conventional crude oil; Province will revise royalties and companies will maintain their investments.

ENERGY & GAS

Continental buys Pluspetrol shale field, says Luis Caputo

18-11-2025 08:54 Harold Hamm’s Continental Resources Inc is entering Argentina’s burgeoning shale patch, announces Economy Minister Luis Caputo.

POLITICS & ECONOMY

Chevron wants Argentina tax reform as it plans major oil growth

13-11-2025 08:31 Chevron calls on President Javier Milei's government to lower taxes and relax capital controls.

ENERGY & GAS

Vista eyes Milei reforms in bid to double Argentina shale output

12-11-2025 14:43 Vista Energy CEO Miguel Galuccio sees another round of reforms from Javier Milei as a trampoline to growth.

BUSINESS & INVESTMENT

Multinationals leaving – why Argentina is still not appealing for investors

07-11-2025 18:46 HSBC, Carrefour and an 'Argentinised' Vaca Muerta. To date under the Javier Milei administration to date, high-profile multinationals have decided to go or are looking for a way out. Structural reasons above a promise of investments, which have not yet arrived.

by Eugenia Muzio

ANALYSIS

Vaca Muerta overtakes agriculture – and it will finance Argentina’s future

20-09-2025 06:21 The political weight of the oil industry is surging. With a record energy export surplus and rising, the Vaca Muerta formation is shaping up to be the country’s main source of foreign currency. Businessmen, governors and lawmakers all agree that shale deposits will be a major factor in economic stability, with investments and projects transforming the map.

by Carlos Burgueño

ENERGY & GAS

Report: Argentina set for century-high oil output, record gas production

08-09-2025 17:51 Rosario Board of Trade report highlights Vaca Muerta’s role in driving production and widening of energy trade surplus.

YPF NATIONALISATION CASE

Argentina wins stay on YPF share transfer in US court battle

17-08-2025 08:59 Appeals court halts order to hand over 51% of shares in state energy firm as Argentina fights US$16.1-billion ruling in nationalisation case.

YPF NATIONALISATION CASE

Argentina wins reprieve in US court fight over YPF shares

16-08-2025 08:30 Appeals court rules Argentina doesn’t need to turn over its controlling stake in YPF SA to holders of a US$16-billion judgment while it tries to overturn previous order.

Analysing Argentina

The (wrong?) assumption that energy and mining will save Argentina

09-08-2025 06:35 President Javier Milei’s economic programme relies heavily on the prospects of Argentina massively increasing its exports in the coming years. But projections work better on paper than in reality.

by Marcelo J. García

OIL AND GAS

Drilling to slow in Argentina’s Vaca Muerta shale, YPF CEO says

06-08-2025 16:17 Oil-drilling activity in the Vaca Muerta shale patch is set to weaken in the near term as companies restrain spending.

OIL & GAS

Patria, Eaton Vance among investors in Argentina pipeline loan

24-07-2025 18:50 Syndicated loan agreement is the largest in Argentine history for an infrastructure project.

YPF NATIONALISATION CASE

YPF: Appeals court halts handover of company shares for week

15-07-2025 13:29 Legal tangle surrounding the YPF case takes another turn. US appeals court suspends handover of the company’s shares for one week.

ypf nationalisation case

Argentina appeals US court order to hand over YPF shares

10-07-2025 19:25 Argentina has appealed a US judge's ruling ordering it to hand over 51% of the shares of the oil company YPF to settle a US$16.1 billion debt.

YPF NATIONALISATION CASE

Argentina moves to appeal US judge’s order to cede YPF stake

10-07-2025 12:41 Government gives notice it will appeal ruling requiring it to hand over controlling stake in state energy company YPF to help satisfy a US$16-billion judgement.

FOREIGN POLICY

President Milei hosts India PM Narendra Modi at Casa Rosada

05-07-2025 13:31 Second meeting between two national leaders after G20 talks last year; India, the world’s fifth-largest economy, is a key export destination for Argentina.

Editorial

Yesterday’s Petrol Fiasco

05-07-2025 06:03 Manhattan judge Loretta Preska’s controversial ruling on the US$16-billion time-bomb compensating speculative interests for the nationalisation of YPF needs to be viewed in its electoral context as much as for its legal force.

Background to YPF takeover

YPF: How a firm was purchased with its own money, ending in a multi-billion-dollar lawsuit

04-07-2025 08:56 The Eskenazis family entered into YPF thanks to Néstor Kirchner without placing a dollar. The Grupo Petersen purchased shares with the promise to pay with the dividends. More than a decade on, the case in the US courts.

YPF NATIONALISATION CASE

Argentina appeals US$16-billion YPF court ruling

04-07-2025 08:42 Argentina appeals US judge's order to hand over 51% of shares in YPF in expropriation case; Milei points finger at Kicillof, Fernández de Kirchner as fears over ruling impact grow.