(Bloomberg, 4.Aug.2021) â Investors sent a warning message to Argentinaâs Treasury on Tuesday night — donât expect us to finance the governmentâs increased spending ahead of Novemberâs midterm elections unless interest rates go up. The Treasury managed to roll over just 146.3 billion peso ($1.5 billion) in local notes in […]
Tag: Cristina Fernandez de Kirchner
LatAm Briefs: Kircher On IMF, OCP President Resignation
(Energy Analytics Institute, 24.Mar.2021) â Energy briefs from the Latin America and Caribbean region including: Argentinaâs Cristina Kircher insisting the International Monetary Fund (IMF) give Argentina lower debt rates, the president of Caracas-based CAF resigning, and the president of Ecuadorâs OCP resigning, among others. Kircher Insist IMF Give Argentina Lower […]
Driller Stuns Creditors As Argentinaâs Dollars Dwindle
(Bloomberg, 19.Jan.2021) â In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts. If global oil markets werenât collapsing, it seemed, then Argentina was mired in a debt crisis that was wreaking havoc on […]
Fernandez To Creditors: âWe Canât Do Any Moreâ
(FT.com, 19.Jul.2020) âAlberto FernĂĄndez, Argentinaâs president, has made an impassioned appeal for the world to accept that â with an economy devastated by coronavirus â he cannot budge from his final offer to restructure $65bn of foreign debt. Weighed down by $323bn of borrowing, Argentina was already in a deep […]
Politics Driving Shale Fluctuations In Argentina
(Argus, 8.Jan.2020) â Argentina’s shale fracturing hit a record in 2019 despite a deceleration sparked by political and economic uncertainty at the end of the year. A total of 6,425 hydraulic fractures were carried out last year in the Vaca Muerta formation, a 33pc increase from 4,825 in 2018, according […]
Argentina’s Opposition Primary Win May Put Energy Investment On Hold
(S&P Global Platts, 12.Aug.2019) â Argentina’s leading opposition coalition, a left-wing populist alliance that ruled the country from 2003-15, swept the national primaries Sunday, putting it in the running to win the October 27 general election and damp investment in the oil and natural gas sector. Frente de Todos, led […]