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This report provides an overview of global oil and natural gas market trends, including price changes, production data, and geopolitical developments impacting energy. Argentina is rapidly emerging as a major south american oil and natural gas producer, driven by the successful exploitation of the massive vaca muerta shale play.

Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits. The current price of west texas intermediate (wti) crude oil today is $60.98 per barrel