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LatinNews Daily - 13 May 2024

In brief: Argentina’s YPF posts yearly rise in earnings

*Argentina’s state-run oil firm (YPF) has released its first quarter earnings report which shows that net income totalled US$657m, an increase of 92.7% as compared to the first quarter of 2023. According to the report, total hydrocarbon production in the first quarter equalled 526,000 barrels of oil equivalent per day (boe/d), up 3% year-on-year. This consisted of 255,000 boe/d of crude oil, 229,000 boe/d of natural gas, and 42,000 boe/d of natural gas liquids (NGLs).

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