Argentina’s state-held energy firm YPF slashed by 50 percent the oil production from its key development area in the vast Vaca Muerta shale play this week due to tumbling fuel demand in Argentina’s lockdown, local news outlet Rio Negro reports . Fuel demand in Argentina, under lockdown since March 20, is tumbling, and YPF is running out of storage for its crude oil, so the state energy firm closed 50 percent of its producing wells in the Loma Campana development. Other companies, such as Vista Oil & Gas, have also reduced their production due to the crashing fuel demand in the country, Rio Negro reported. At the end of last month, YPF warned that the mandatory nationwide quarantine had already slashed fuel demand in Argentina and said there were “difficult” times ahead for the company. YPF’s executive president Daniel Gonzalez said in an internal company video seen by Reuters […]