The Argentine state oil company YPF said it closed 2024 with solid results. Adjusted EBITDA (earnings before taxes) grew by 15%, totaling $4.654 billionc

According to official sources, crude oil, gas, and other energy products exported in the first month of the year accounted for 14.9% of Argentina’s total exports in January

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s top customers

Argentina consolidated a surplus in its energy trade balance last November, driven by a significant increase in hydrocarbon exports and a drop in fuel imports, according to official sources

U.S. President-elect Donald Trump said that the European Union, already the biggest buyer of U.S. energy, should step up U.S. oil and gas imports or face tariffs on the bloc’s exports

The goal is to reach an agreement for the countries involved in this framework to commit to ensuring that their export credit agencies stop providing subsidies for overseas oil and gas projects

U.S. Treasury Secretary Janet Yellen warned that the U.S. intends to hit Iran with new sanctions in coming days over its unprecedented attack on Israel, and these actions could seek to reduce Iran’s capacity to export oil

U.S.-led coalition imposing a price cap on Russian oil announced changes to its enforcement regime, which, according to the Treasury Department, will make it even more difficult for Russian exporters to evade the cap

Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect in order to stabilise the domestic market, the government said

Crude exports from the world’s largest oil exporter fell to 6.01 million barrels per day (bpd) in July, down about 11.6% from the previous month’s 6.8 million bpd and the lowest since June 2021