Vaca Muerta

Strait of Hormuz, epicenter of global volatility.
LIVE: Strait of Hormuz closure

War in the Middle East: 10 questions on what’s happening to oil, LNG, gasoline and fertilizers in Argentina

Since the United States and Israel struck Iran on Feb. 28, the Strait of Hormuz has entered an active crisis. Brent crude has risen above $100 a barrel for the first time in four years, the global liquefied natural gas (LNG) market has been shaken, and fertilizer prices have already increased by as much as 35%. Argentina is playing on both sides of the field.

The industry can turn associated gas into a new energy business.
Nicolás Arceo for Shale24

Vaca Muerta’s associated gas doubled in 2025 and hit a new record in January 2026: Can this byproduct of the oil boom be monetized?

Associated gas — the gas that inevitably emerges as a byproduct of oil production in the black oil and liquids-rich window of the Neuquén formation — is rich in high-value components. In January, output climbed to 26.7 million cubic meters per day, setting a historic record. The industry is closely monitoring the trend, as it could open the door to a new business opportunity.