Is the rerouting of oil and product markets, following Europe’s Russian oil embargo and the G7 price cap, a permanent reordering or just a temporary shift?
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Michael Brochstein/Sipa USA via AP
Vicki Hollub told the New York Climate Week that incentives that spur organic market development are more powerful tools for the energy transition than mandated carbon pricing.
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  • Controversial libertarian Javier Milei is the favorite to win Argentina’s upcoming presidential elections after topping last month’s primary. Milei promises to liberalize the economy, including dollarizing, re-privatizing YPF and eliminating price and export controls. Center-left Sergio Massa, the incumbent finance minister, and center-right Patricia Bullrich are the other main candidates and are making moves to broaden their appeal ahead of the vote. If Milei wins, he faces an uphill battle due to jittery financial markets and opposition control of Congress and the judicial system. As a result, political risks and uncertainty are rising, which could potentially weigh on investment in the domestic oil and gas sector.
    Thu, Sep 21, 2023
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