Page 90 - ப்ரெஸிடெஂட் ஆல்பர்டோ பெர்னாண்டஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Argentina Mulls Oil Price Controls in Bill to Tap Shale Trove Bloomberg 3 hrs ago Jonathan Gilbert and Patrick Gillespie (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 fernandezAnita pouchard serra bloombergPrecios maximosMatias kulfasInternational monetary fundSouth americanProduction minister matias kulfasArgentina production minister matias kulfasAnita pouchardPresident alberto fernandezPermian basinசான் ஜுவான்