Argentina’s move to set a $45/b domestic crude oil reference price this week has brought cheer to some oil producers, but analysts say it may take a couple of years to rebuild production, following its plunge in April, as companies keep to the sidelines because of the country’s financial crisis and erratic energy policies. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The reference price will remain in effect until the end of the year, unless Brent, the international benchmark price followed in Argentina, surpasses $45/b for more than 10 days. That may not happen this year; Brent is expected to average $35/b, according to Moody’s Investors Service. Argentina’s oil-producing provinces applauded the reference price as […]