YPF said to plan 2016 spending cut as $77 crude disappears

27 September 2015, News Wires – Argentina’s YPF will cut spending by as much as 20 percent next year if a new administration lowers the domestic oil price nearer to international levels, according to three people familiar with the plans. The state-controlled company would lower its 2016 budget from this year’s $6 billion, mainly in operations […] More »