Related Articles
Forward article link
Share PDF with colleagues

Argentina’s price controls keep oil 37% above global price

The Argentinian restrictions on oil prices have shielded the country from lowering global prices, though it won't last forever

The Argentine government’s heavy hand in the energy sector has been a constant source of irritation and protest for the industry, most recently for those companies looking to tap into the potentially huge Vaca Muerta shale play. But lately that heavy hand has been shielding oil and gas producers from the freefall in international oil prices. Argentina has long kept tight control over the domestic oil price, in a bid to keep inflation in check and voters happy. Last year, when prices on the international market topped $100 a barrel (b), producers in Argentina received only around $83/b for Medanito light grade crude sold into the domestic market. The policy has been heavily criticised by th

Also in this section
NLNG strikes while the iron’s hot
20 July 2018
Plans are finally in motion to expand Nigeria’s LNG export capacity
Myanmar faces energy crossroads
20 July 2018
Huge potential in the country’s energy sector faces equally sizeable challenges
IOCs face choppy South China Sea conditions
20 July 2018
Beijing's determination to exert its influence in the South China Sea is causing problems for oil companies active in the region