YPF crude and gas output expected to decline 3% in 2017, due to labor problems and bad weather

Sunday, May 14th 2017 - 09:27 UTC

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Argentina's state-run oil firm YPF expects a 3% decline in crude and natural gas output this year due to labor problems and bad weather, Chief Financial Officer Daniel Gonzalez told investors during a conference call in Buenos Aires. Read full article

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Enrique Massot
The numbers haven't been this bad for YPF since the early 1990s.
Of course, just as the rest of the economy, there is always hope the future will be different.
However, if the last 15 months are any indication, the current dismantling of the domestic productive sector and a free fall of consumption will just lead to more recession, while government officials keep announcing a better tomorrow.
Unfortunately, nobody can make dinner today with tomorrow's wealth.
May 14th, 2017 - 11:29 pm - Link - Report abuse 0
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