Overview
- Government data released Jan. 22 report December crude output at 868,712 barrels per day, the highest monthly level on record.
- Production increased 14.8% from a year earlier and 2.3% from November.
- The energy trade balance showed a $893 million surplus in December, with $1.067 billion in exports and $174 million in imports.
- For 2025, the energy sector posted a $7.815 billion surplus, $2.085 billion higher than in 2024, driven by $1.369 billion more in exports and $716 million fewer imports.
- Non‑conventional production from Vaca Muerta underpinned the rise, with Neuquén averaging 601,273 barrels per day, equal to 69.8% of national output.