News of fuel

Argentina’s shale ambitions hang in the balance

20-02-2021 05:59 YPFF needs to find more than US$1 billion to spur drilling at Vaca Muerta. At stake is not only the company’s growth strategy, but the future of the shale play itself.

STATE OIL FIRM

YPF posts US$1.1 billion loss for second quarter

11-08-2020 22:11 State oil company confirms losses totalling 85 billion pesos (US$ 1.105 billion) in the second quarter of the year.

FOSSIL FUEL

Air pollution global cost estimated at US$2.9 trillion a year

12-02-2020 12:25 Centre for Research on Energy and Clean Air (CREA) and Greenpeace Southeast Asia’s report shows that air pollution caused by fossil fuels cost US$8 billion a day, or roughly 3.3% of the entire world's economic output.

FUEL PRICES

Government extends fuel price freeze until end of February

30-01-2020 13:38 Fernández administration to retain restrictions until the end of February in order to curb inflation.

PETROL PRICES

Uncertainty after Fernández orders YPF to halt rise in petrol prices

03-01-2020 07:00 President’s decision to order the YPF state oil company to halt a five percent increase in petrol prices creates uncertainty among producers and suppliers.

FUEL PRICES

Government's fuel prize freeze ends with 5% hike

14-11-2019 15:42 Formal end of the 90-day fuel price freeze, imposed in wake of Macri's PASO defeat arrives, with prices rising from today by a five percent rise on average.

PROTESTS IN ECUADOR

Ecuador's president agrees deal with indigenous to end protests

14-10-2019 11:58 Ecuador celebrated a deal President Lenín Moreno and indigenous leaders struck late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.

CRISIS IN ECUADOR

Argentina slams Maduro, offers 'strong support' for Ecuador's Moreno

08-10-2019 17:29 Seven Latin American governments, including Argentina, offer 'strong support' for under-fire Ecuador President Lenín Moreno, who is facing large protests over rising fuel prices. Nations criticise 'any action' by Venezuelan leader Nicolás Maduro intended to 'destabilise' government.

ECUADOR IN CRISIS

Clashes at protests in Ecuador over fuel price hike, oil facilities seized

08-10-2019 09:26 President Lenín Moreno accuses predecessor and ex-ally Rafael Correa and Venezuelan leader Nicolás Maduro of an "attempted coup d'état." Government business temporarily moved to the port city of Guayaquil.

PROTESTS

Ecuador's declares state of emergency after clashes over fuel prices

04-10-2019 09:17 Clashes broke out between protesters and police in Ecuador after President Lenín Moreno declared a state of emergency Thursday following demonstrations against rising fuel prices due to the government scrapping subsidies. Moreno's measure allow the government to restrict movement, to employ the Armed Forces to maintain order and to censor the press.

Cost of living

YPF, Shell raise consumer petrol prices by over 2.1%

02-07-2019 15:41 Argentina's state-owned oil company YPF and competitor Shell increased their consumer petrol prices by 2.5 and 2.1 percent respectively this week.