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OilMonster
Crude Oil May 20, 2020 12:30:56 AM

Argentina Sets Local Crude Oil Reference Price at $45 per Barrel

Anil
Mathews
OilMonster Author
Reuters reported in April that Argentina was planning to set a higher local oil barrel price after oil demand collapsed around the world due to the pandemic.
Argentina Sets Local Crude Oil Reference Price at $45 per Barrel

OILMONSTER.COM- Argentina’s government set the local crude oil reference price at $45 per barrel on Tuesday, in a bid to protect the country’s hard-hit sector from the impact of the coronavirus pandemic and low global prices.

Reuters reported in April that Argentina was planning to set a higher local oil barrel price after oil demand collapsed around the world due to the pandemic, and domestically due to a nationwide lockdown imposed in mid-March. 

Courtesy: www.reuters.com               

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