Argentina has put on hold policies and incentives for ramping up oil production from the Vaca Muerta shale play as a global glut of crude supplies curbs export opportunities, Production Minister Matias Kulfas said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Vaca Muerta has huge potential, but is an issue that will have to wait because of the international situation,” Kulfas, the country’s chief energy strategist, said late Tuesday in reference to a plunge in global oil demand. Speaking in an interview on the Argentinian cable news network TN, Kulfas said that economic shutdowns to contain the spread of the coronavirus around the world have cut global oil demand by 30%, […]