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Argentina Begins to Suffer Fuel Shortages; Ecopetrol Gets Fracking Go-Ahead

A roundup of Monday’s news from across Latin America

Bloomberg Línea
March 29, 2022 | 01:05 am

Bloomberg Línea — A shortage of diesel has begun to hit Argentine gas stations, which are warning about a crisis in the sector due to the increase in international prices and the government’s reluctance to import the fuel.

Colombia’s environmental licensing authority (ANLA) has given its approval of state-owned oil company Ecopetrol’s fracking pilot project in Puerto Wilches, Santander, despite protests against the project.

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And on the region’s stock markets, the Mexican exchange was the only one among its Latin American peers to register gains, in line with the recovery shown by U.S. stocks. The S&P BMV/IPC (MEXBOL) closed up 0.45%, driven by the healthcare, real estate and consumer staples sectors.

Following is a roundup of Monday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.

Argentina:

Brazil:

Chile:

Colombia:

Costa Rica:

Ecuador:

Mexico:

Uruguay:

  • Uruguayan President Luis Lacalle Pou once again expressed his criticism of his Mercosur partners on Sunday, whom he described as “often too protectionist”. The president said that Uruguay will focus on “opening up to the world”, while continuing his bid for an FTA with China.