Latin America struggles with falling oil output

摘要

Houston—With oil prices stubbornly lodged at lows not seen in years, Latin America in 2016 will almost certainly continue to struggle with its fragile grasp on production, which is falling in several countries as natural output declines and spending is reduced. There are some bright spots. More investment in Argentina is expected, with majors pumping billions of dollars into the country’s Vaca Muerta shale, which is thought to be the most viable tight-oil play outside North America.