Friday, 27th January 2023
<To guardian.ng
Search

How Argentina’s fuel price caps could play out for investors

By Bloomberg
23 August 2019   |   3:17 pm
It's Argentinian President Macri versus oil producers. The Argentinian government torpedoes oil drillers by capping fuel prices. Are the country’s natural resources still worthy of investments? Bloomberg's Jonathan Gilbert and David Tawil, the President of Maglan Capital talk with Alix Steel about what's next for Argentina's energy sector and how investors should be positioning themselves.

Related

22 Aug
Saudi energy giant Aramco says its profits have nearly doubled compared with last year. The firm, which is nearly fully state-owned, has seen both demand — and pump prices — soar.
17 Aug
Find these stories and much more when you grab a copy of The Guardian on Thursday.⁣
4 Sep
Claudia Kemfert of the German Institute for Economic Research calls for a ban on Russian oil imports even if this means another hike in fuel prices.
13 Sep
Puddles of oil in the forests, polluted lagoons, crabs covered in oil: with photos and videos, activists have been denouncing recurrent pollution in western Gabon. In three years, they have recorded ten polluted sites in the Etimboué region, all of them located near the oil fields belonging to the Franco-British company, Perenco. Perenco's speciality is operating low-cost, end-of-life oil fields. But according to activists, its infrastructure is dilapidated and is causing serious damage to the environment. The France 24 Observers investigated in this special episode.
15 Sep
Air pollution linked to carbon emissions causes millions of deaths every year. A coalition of health groups have called for a nonproliferation treaty to end fossil fuel use around the world.
6 Oct
OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.
7 Oct
OPEC+ is cutting global oil production to drive up prices. The move shows that Russia can still count on the cartel led by Saudi Arabia to help it bolster its war chest.
12 Oct
Shortages at fuel stations due to a refinery workers’ strike continue to impact drivers across France, resulting in long queues. TotalEnergies, which runs about a third of the country's service stations, has offered to advance pay talks but unions remain firm in their strike action.
17 Oct
In Poland, a leak in the Druzhba pipeline that is carrying oil from Russia to several European countries has been detected. Authorities stated that it is too early to identify the cause of the damage. Germany's economy ministry says it is receiving less oil, but supplies are guaranteed.
13 Nov
Indonesian gig workers suffer amid rising fuel prices
1 Nov
Data from the Nigerian Upstream Petroleum Regulatory Commission shows that total oil production loss in the third quarter of this year, stood at 6.6 million barrels per day.
24 Nov
Nigeria launched oil and gas drilling for the first time in the country's north on Tuesday, as it seeks to diversify away from the oil-rich Niger Delta.