Political turmoil, price freeze cast shadow on Argentina’s Vaca Muerta
In late August, amid a
sharp plunge in the Argentine peso, global suppliers to oil
giant YPF received an unwelcome surprise in their
inbox. A four-page notice that dollar contracts would be paid at
a set exchange rate, far weaker than the market rate.
sharp plunge in the Argentine peso, global suppliers to oil
giant YPF received an unwelcome surprise in their
inbox. A four-page notice that dollar contracts would be paid at
a set exchange rate, far weaker than the market rate.
Posted by Reuters