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(Reuters) - Argentina will take a key step on Friday in the construction of a major new natural gas pipeline for its huge Vaca Muerta shale formation, vital to helping the South American country reverse a deep energy deficit that is costing it billions of dollars. The government, rattled by a recent shakeup in the... Continue Reading →
(Reuters) - Argentina's economic alarm bells are ringing loudly with fears of a global recession and spiraling inflation stoking investor fears over possible defaults, missed targets with the International Monetary Fund (IMF) and political unrest. The South American country, an important global supplier of soybeans, corn and wheat, has seen its bonds sink to record... Continue Reading →
(Reuters) - Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S. Federal Reserve and as the South American country firefights sky-high inflation running at over 60%. The central bank upped the benchmark Leliq rate by 300 basis... Continue Reading →
(Reuters) - Argentine state company Energia Argentina signed a contract Thursday with pipeline producer Tenaris (TENR.MI), a critical step toward the completion of a pipeline to transfer gas from Argentina's giant Vaca Muerta shale formation. The government says the pipeline will allow Argentina to forgo costly imports of liquefied natural gas and reverse a large energy... Continue Reading →
(Reuters) - The International Monetary Fund (IMF) said Wednesday it had reached a staff-level agreement on an updated macroeconomic framework with Argentine authorities, allowing the country access to about $4.03 billion. The IMF said in a statement that the country had met all quantitative targets in the first quarter and that annual objectives remained unchanged,... Continue Reading →
(Reuters) - Argentina has launched a tender process to build a new gas pipeline out of its huge Vaca Muerta shale formation that is expected to increase current transport capacity by 25%, the government said late on Friday. Companies have until July 8 to submit bids, according to a publication in Argentina's official gazette. The... Continue Reading →
(Reuters) - The United States exported 7.29 million tonnes of liquefied natural gas (LNG) last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data. The United States is on track to become the world's largest LNG exporter this year, topping Australia and Qatar, as producers work... Continue Reading →
(Reuters) - U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, as buyers began replacing Russian supplies. The United States in March banned imports of Russian crude and refined products over its invasion of... Continue Reading →
(Reuters) - German oil and gas producer Wintershall Dea (WINT.UL) said on Thursday it will look beyond Russia for growth in a "fundamental" change for the company, but will retain its assets there to avoid them falling to the Russian state. "There can be and will be no 'business as usual' with Russia now," Chief... Continue Reading →
(Reuters) - Top oilfield services firm Schlumberger (SLB.N) reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment. Oil prices climbed to their highest in more than a decade during the quarter as Russia's invasion of Ukraine upended global supply dynamics. Oilfield service firms,... Continue Reading →
Brazil Energy Insight 