Reported 1 day ago
Argentina's Vaca Muerta oil activity is declining due to lower prices and rising costs, posing a challenge for President Javier Milei, whose government seeks to boost energy exports. While production reached record levels earlier this year, analysts predict a slowdown as drilling and fracking activities decrease. Many industry experts suggest that the profitability of oil extraction may improve post-election if exchange rate policies are adjusted, but significant hurdles remain for Milei's ambitious production goals.
Source: YAHOO