Argentina’s past energy imbalance is declining quickly

Argentina has been stepping up export sales of petroleum products to Brazil, Chile, and Uruguay as its production from the Vaca Muerta oil fields surges. Output has shot up 169% year on year to 31 million cu m/d in February, pushing up total production 7.9% to 135 million cu m/d, the latest numbers from the Energy Secretariat show. The secretariat has estimated that production could double to 260 million cu m/d in 2023, meaning that it must find new markets for additional production. As part of this, Argentina…
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