Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock bottom in April, which saw oil prices plunge to nearly $40 dollars below zero in a jaw-dropping first, a flurry of think pieces about the sector’s future poured forth and has never fully stopped. While the Brent international crude benchmark never went negative, it also suffered, and there have been no shortage of headlines about OPEC and their ill-planned actions that sent prices tumbling in the first place or their redoubled efforts to recover after the crash. But there are plenty of other oil producing countries in the world who have also seen massive market failures due to COVID-19’s destruction of oil demand and which have not received even a fraction of the attention. One such country is Argentina, home to one […]