1. Mercuria-Backed Phoenix Global Plots $6 Billion Vaca Muerta Shale Push After Milei's Incentives
A major capital surge is targeting Argentina's Vaca Muerta shale patch. Phoenix Global Resources, the crude producer backed by global commodity trader Mercuria Energy Group, is preparing a massive $6 billion expansion plan, signaling a direct and aggressive response to President Javier Milei's new economic policies. Th...