YPF investors ask U.S. Supreme Court to revive $16.1 billion judgment against Argentina

Petrobras ADR rose 3.2% to $21.65 as G7 announced a release of 100 million barrels of diesel and crude. Ecopetrol and YPF also gained, despite a 1.77% drop in the US Oil Fund tracking WTI. The move was driven by political intervention to ease fuel market shortages.

YPF's stock rose 1.5% after the U.S. Export-Import Bank proposed up to $6B in financing for Argentina LNG, a project that could be the largest in Argentina's history. The project is led by state-run energy firm YPF.

Argentina discussed potential investment-grade status and a US$7 billion energy package in New York. The US State Department committed up to US$7 billion for Argentina's energy projects, including US$6 billion for Argentina LNG, but no contracts were signed. Meanwhile, Argentina's market saw increased borrowing costs, with the Merval index down 0.94%.

Burford Capital refiled a claim against Argentina at the World Bank's arbitration center, seeking compensation for the 2012 expropriation of YPF shares. The case, previously dismissed in New York, seeks damages under the Argentina-Spain investment treaty. The claim amount is undisclosed, and the process could take years. YPF's shares are traded under the ticker YPF.

Gastech 2026 in Bangkok saw $40 billion in energy agreements, including LNG supply deals, power generation investments, and petrochemical projects. Key players like China Gas Holdings, Venture Global LNG, GE Vernova, and PETRONAS announced major deals, highlighting the event's role in global energy dealmaking.

Brent and WTI crude oil prices rose 2.9% and 4.4% respectively due to a Saudi pipeline outage. USO, a WTI-tracking fund, gained 3.32%. Petrobras, Ecopetrol, and YPF shares increased 2.93%, 2.93%, and 2.27% respectively. The outage disrupted 4-5 million barrels per day, impacting global supply.