A recent estimate suggests that Argentina’s hydrocarbon output may be on track for a record year. A report indicates that the nation is poised to achieve its peak oil production level of the century thus far, along with unprecedented gas production in 2025. The increase in “unconventional oil and gas production” driven by the Neuquén … Read more
After a crushing setback to the centre-left Peronist opposition on Sunday, President Javier Milei pledged to retain his free-market economic policy. The Peronist opposition won 47 percent of the provincial election over Milei’s La Libertad Avanza party’s 34 percent with 91 percent counted. Buenos Aires Province, the country’s largest and a Peronist bastion for decades, … Read more
Argentina’s Human Capital Ministry has acknowledged in an official filing that a comprehensive audit of community soup kitchens receiving state funds, which was utilized by President Javier Milei’s administration to rationalize the cessation of food supplies, is “non-existent.” The disclosure substantiates the assertions made by the opposition that the administration misrepresented facts when a senior … Read more
An ongoing debate in Argentina’s economy centers on the question of whether interest rates should be determined by the Central Bank or the market. Unsurprisingly, libertarian President Javier Milei holds this view. In 2023, he advocated for the closure of the Central Bank. He did not succeed. The Milei government appears inclined to attribute the … Read more
President Javier Milei aims to uphold his libertarian revolution within the temporary brick dwellings and vacant warehouses of Argentina’s most perilous district during his pivotal election. The leader, embroiled in controversy, commenced his assembly campaign in La Matanza. The vote on September 7 serves as a precursor to the midterm elections in October, during which … Read more
Argentina was sued by former minority owners of oil and gas corporation YPF in New York in 2023 for not allowing them to sell their interests following the company’s 2012 nationalization. In a lengthy discovery fight over Argentina’s seizable assets, Judge Loretta Preska ordered current and previous economics ministers to provide their WhatsApp chat records. … Read more
A senior official in the administration of Argentine President Javier Milei asserted that a Chinese bank intentionally depressed the value of the peso on Monday, capitalizing on the limited liquidity present in the foreign-exchange market that day. “On Monday, during two hours with just US$30 million, a Chinese bank attempted to elevate the dollar’s price, … Read more
Javier Milei experienced a significant setback on Thursday when the Senate voted to reverse a presidential veto, marking the first occurrence of such an event in 22 years. In a significant political setback for the Casa Rosada, senators have opted to reject Milei’s attempt to abolish the Disability Emergency Law, thereby ensuring that the bill … Read more
The European Union is intensifying its initiatives to finalize a proposed trade agreement with Mercosur nations by year-end, following the introduction of safeguard measures aimed at addressing the concerns of France and other hesitant member states. On Wednesday, the European Commission released the final text of its free-trade agreement with the South American economies of … Read more
Uruguay is set to present a proposal for a natural gas pipeline traversing its territory to potential investors and neighboring governments. This infrastructure aims to connect Argentina’s Vaca Muerta shale deposit with Brazil, as stated by Industry & Energy Minister Fernanda Cardona in a recent interview. Cardona’s ministry has recently submitted a report outlining a … Read more