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Argentina Resurrects Oil Intervention Panic With Cabinet Switch

  • New Energy Minister Iguacel expected to cap oil, fuel prices
  • Government seen ending energy de-regulation to curb inflation
Argentina Chases Oil Independence After Ousting Repsol

Photographer: Walter Morneo/Bloomberg

Javier Iguacel has left the road for the oilfield, and that may mean a complete about-face on Argentine energy policies.

Iguacel, who’d led Argentina’s national road agency since January 2016, was sworn in Thursday as the nation’s energy minister at a time when his predecessor’s push to sell fuel and oil at market prices is colliding with rising inflation.