Argentina’s Economic Minister, Sergio Massa, declared a temporary halt on fuel price increases until October 31, following discussions with the country’s oil producers and refiners. This decision comes on the heels of a 12.5% hike in fuel prices by the semi-governmental entity Yacimientos Petrolíferos Fiscales (YPF) and recent increases by private oil companies such as […]
Related Posts
Strategic Interest Rate Reduction Strengthens Colombia’s Economic Outlook
Colombia’s Republic Bank lowered interest rates to 12.25%, a move met with mixed opinions. Most board members agreed on a 50 basis-point cut, matching market predictions. Yet, some pushed for a bolder 75 basis-point reduction. Before this, Colombia saw a 7.74% inflation rate, leaving a wide gap in the policy rate. The bank noted a […]
U.S. Oil Production Growth Slows in 2025, Reaching Record High
The United States expects a modest increase in crude oil production next year. The Energy Information Administration (EIA) projects a growth of 320,000 barrels per day in 2025. This figure falls short of earlier estimates but still sets a new record. Oil output will reach 13.54 million barrels per day, according to the EIA’s Short-Term […]