$YPF

YPF, Argentina's state energy company, has signed a supply agreement with TotalEnergies for sustainable aviation fuel (SAF). The deal aims to boost YPF's renewable energy portfolio and support TotalEnergies' low-carbon strategy. Financial details were not disclosed.

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.

Former investors in YPF (YPF:NYSE) have asked the U.S. Supreme Court to review a lower-court ruling that overturned a $16B judgment in their favor, according to Bloomberg. The 2nd U.S. Circuit Court of Appeals ruled in March to overturn the judgment.

Petersen Energia and Eton Park petitioned the U.S. Supreme Court to reinstate a $16.1 billion judgment against Argentina in the YPF litigation. The case involves Argentina's 2012 nationalization of YPF, with investors arguing Argentina violated YPF's bylaws. The 2nd U.S. Circuit Court of Appeals had ruled the case should be heard in Argentine courts, overturning a previous U.S. judgment.

Oil prices rose on Monday after President Trump rejected Iran's proposal to reopen the Strait of Hormuz. WTI settled at $92.60, up 0.2%, and Brent at $105.28, up 0.9%. Petrobras and Ecopetrol shares increased, while YPF declined. The US Oil Fund also gained. The situation remains volatile, with talks and supply factors influencing prices.

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.

Argentina's oil production hit a record 902,920 barrels per day in July 2026, with shale oil making up 72% of output. Shale gas also reached a record 70% of natural gas production. The boom is driven by the Vaca Muerta shale, with major companies like Chevron, Shell, and YPF investing heavily. Chevron plans a $13.8 billion investment, while YPF seeks $51 billion in incentives for an LNG project. Argentina is becoming a net energy exporter, with oil as its second-largest export.

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.