Argentinian President Javier Milei
Argentina’s new president promises energy shake-up
Self-described 'anarcho-capitalist’ vows economic transformation including privatising state energy firm YPF
Argentina’s chainsaw-wielding new president Javier Milei is the country’s first democratically elected leader in more than a century to not come from, or be backed by, one of the two major political parties and now faces the daunting task of overhauling Argentina’s floundering economy. The libertarian economist has little previous governing experience but has promised major reforms, including slashing public spending and privatising state-run oil company YPF. Inflation in Argentina has topped 140% this year as the incumbent government struggled to prevent the country sliding precariously towards hyperinflation. “Milei represents a jump into the unknown and espouses some radical ideas that a
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
