Argentina's 'Dead Cow' comes back to life as shale oil drives rebound

Producers, including state energy giant YPF and oil majors Chevron Corp and Royal Dutch Shell Plc , Mexico-based Vista Oil & Gas and Malaysia' state-owned Petronas, were in a decent place to step up as global prices started to rebound.

BUENOS AIRES: Argentina's 'Dead Cow' is roaring back to life.

Oil output from the Vaca Muerta region in Patagonia, which holds the fourth-largest shale oil reserves in the world, stalled during the coronavirus pandemic but hit a record high in December as producers revved up wells with an eye on rebounding prices and a new export market.