Argentina Oil Production Hits 887,227 Barrels Per Day in May 2026

In May 2026, Argentina reported record oil production of 887,227 barrels per day, a 0.6% increase from the previous month and 19% higher than one year prior. Natural gas output also rose to 5.5 billion cubic feet per day, reflecting a 5.4% increase month-over-month and an 11% year-over-year growth. The Vaca Muerta shale formation accounted for 70.6% of oil production and 69.8% of gas production, both at record highs. This solid production growth positions Argentina as South America's fourth largest oil producer, which could benefit investments in Argentine energy resources.