Argentina's Energy Crisis Escalates As Fuel Prices Skyrocket

In a world where some commentators speculate that there is a glut of energy and distillate products as a result of high oil prices, sliding China demand and a looming global recession, Argentina will take the under as La Nacion reports, on Wednesday refiners and retailers hiked prices between 7.6% and 9.6%, amid what is shaping up as a historic energy crisis.

'But, well, yesterday there was none anywhere, the day before neither. At least today I was able to fill up.' Furthermore, on Saturday Argentina’s oil and gas producers said in a joint statement that the fuel shortages will “normalize” in the next few days. Argentina said last week it would import 10 tanker fuel ships shipments in coming days to address shortages after a spike in demand, as well as increase refining capacity.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe's Wind Energy Giants Brace For Massive Losses And Writedownswind energy giants rsted A/S and Siemens Energy are facing billions of euros in losses and writedowns as their wind energy businesses continue to deteriorate
Source: OilandEnergy - 🏆 34. / 68 Read more »

Taxing the assets of energy firms could bring big benefitsI FIND it ironic that Alyn Smith’s article “Scotland needs the power to solve energy issues” (Nov 1) makes the undoubted case for us to be…
Source: SunScotNational - 🏆 49. / 63 Read more »

How spending time outdoors can boost your health, energy and productivity...PEOPLE who spend more time outside are healthier, more energetic and more productive than those who do not, a survey shows. Those who spent 20 hours or more per week in a green or natural space wer…
Source: TheSun - 🏆 64. / 61 Read more »