Page 88 - ப்ரெஸிடெஂட் ஆல்பர்டோ பெர்னாண்டஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Argentina considers oil price controls to support Vaca Muerta shale exploration By Jonathan Gilbert and Patrick Gillespie on 4/11/2021 Vaca Muerta shale drilling (Bloomberg) Argentina’s government is pushing for long-term oil price controls as the South American nation runs out of time to unearth a shale trove in Patagonia. The idea of setting a ceiling and floor on domestic crude prices is being written into draft legislation aimed at spurring oil-and-gas investments, Production Minister Matias Kulfas said in a Thursday interview. A cap would prevent bull runs in oil markets from triggering a surge in fuel prices. And crucially for Argentina’s shale ambitions a floor would discourage major oil companies from pulling out of a marginal asset like the burgeoning Vaca Muerta if markets collapse.

Vaca muertaSan juanUnited statesRio negroAlberto fernandezMatias kulfasJonathan gilbertPatrick gillespieSouth americanProduction minister matias kulfasPresident alberto fernandezPermian basinசான் ஜுவான்ஒன்றுபட்டது மாநிலங்களில்ரியோ நீக்ரோஆல்பர்டோ பெர்னாண்டஸ்