Argentina's oil production has been on the rise this year, recovering from the demand and price impacts of the coronavirus pandemic.
Oil output climbed to 492,000 b/d in February, up from 446,000 b/d in May. While that was still down from 520,000 b/d in March 2020, market watchers appear confident that production will fully recover by the end of 2021.
Argentina's current administration has been keen on boosting production, primarily from the Vaca Muerta shale play, which is said to hold roughly 1 billion barrels of oil -- but unlocking those reserves will require changes to Argentina's regulatory and tax environment, and a shift to transparent oil prices.
We talked with Maria Garcia, S&P Global Platts senior editor for Latin American crude, and Charles Newberry, Platts' Argentina correspondent, about what's happening.
As August comes to a close, Washington, DC, is ramping up again with energy issues before the Federal Energy Regulatory Commission.
On the natural gas side, the commission could start answering longstanding questions about how it will evaluate pipelines and LNG facilities in the face of...
President Joe Biden took a strong stance against fossil fuels right away, essentially canceling the long-simmering Keystone XK Pipeline and implementing a moratorium on all new oil and gas lease sales on federal lands and waters.
Since then though, his administration has refused to oppose other...