ENERGY & GAS Javier Milei seeks free oil markets by law in shale-rich Argentina 29-12-2023 21:23 Milei wants to unshackle crude exports and leave local fuel prices at the whim of market forces.
PRICE HIKES Fuel prices soar a further 37% after devaluation of peso 13-12-2023 17:46 Fuel prices will soar around 37% on average over the course of the week following Economy Minister Luis Caputo's devaluation of the peso.
FUEL TAX FREEZE Massa says Argentina will freezes fuel levies until February 2024 01-11-2023 16:22 Deep into election campaign, Argentina's government postpones fuel tax hike to 2024 to avoid further price hikes.
Bloomberg Sergio Massa threatens to cut fuel exports amid shortage 30-10-2023 08:21 “If the fuel supply is not resolved by midnight on Tuesday, companies will not be able to send out export ships starting on Wednesday,” Massa tells reporters in Tucumán Province.
FUEL CRISIS? Argentines queue for fuel as FX shortage strands tankers at sea 26-10-2023 13:49 Growing lines at the pump and darkened gas stations at night are tangible signs of a fiscal crisis spiralling out of control.
PRICE CONTROLS Fuel suppliers extend 4% monthly 'Precios Justos' price cap until August 13-04-2023 09:11 Major oil firms extend Precios Justos’ price control scheme for fuel, agreeing to cap petrol increases to monthly four percent until August in a bid to tackle inflation and keep costs at the pump down.
Oil corruption Venezuela's oil minister resigns over graft probe 21-03-2023 12:24 Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.
Oil production Shale oil exports to spur Argentina's trade surplus, official says 07-03-2023 17:07 Booming oil production out of shale patch Vaca Muerta will create surpluses in energy trade for Argentina to the tune of US$8 billion within a few years, says top official.
BLOOMBERG YPF is poised to rein in capex ambitions amid fuel controls 30-11-2022 22:29 State-run oil company YPF probably will set next year’s spending plan at the lower end of a range that executives are discussing internally.
BATTLE AGAINST INFLATION Fuel suppliers join price control scheme with 4% monthly cap 29-11-2022 11:07 Major oil firms sign up to Sergio Massa’s new price control scheme, agreeing to cap increases in a bid to tackle inflation and keep costs at the pump down.
UNREST IN ECUADOR Protesters reject Ecuador president's 'insensitive' fuel price cut 27-06-2022 13:32 Unrest continues as indigenous protesters reject a fuel price cut announced by the government as insufficient and "insensitive."
BRAZIL UNDER BOLSONARO Brazil's Bolsonaro fires third Petrobras chief as fuel prices soar 24-05-2022 08:56 Brazilian President Jair Bolsonaro dismisses president of state oil giant Petrobras – who had been in the job for only 40 days.