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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

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