Why ypf Is Trending Today?

Argentina's opposition secured a quorum in the lower house and clashed over the expropriation of YPF. The government is appealing a U.S. ruling that could force Argentina to pay $9,000 million to Spanish energy company Repsol. The case, which involves the 2012 expropriation of YPF, has sparked political debate and legal battles.

Argentina's state-owned petrolera YPF faces multiple legal challenges. A U.S. court ordered Argentina to relinquish its 51% stake in YPF, causing a drop in the company's stock price and prompting opposition leader Javier Milei to announce an appeal. The ruling benefits unidentified U.S. funds. Meanwhile, global oil companies reduce purchases due to falling crude prices, and in Venezuela, water wells are being drilled in the oil capital of Maracaibo due to scarcity. YPF had to clarify its position in the market following a lawsuit.