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U.S. Court Overturns Argentina's $16.1B YPF Judgment

3/28/2026

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Summary

Story summary

The U.S. Court of Appeals for the Second Circuit overturned Argentina's $16.1 billion YPF judgment.
The court also reversed the lower court's order to compensate Petersen Energía and Petersen Energía Inversora.
President Javier Milei celebrated the decision as a victory and criticized Cristina Fernández de Kirchner.
YPF's oil output from Vaca Muerta rose to nearly 600,000 barrels per day in January 2026.
YPF reported a $5 billion profit in 2025.

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Story summary

The U.S. Court of Appeals for the Second Circuit overturned Argentina's $16.1 billion YPF judgment.
The court also reversed the lower court's order to compensate Petersen Energía and Petersen Energía Inversora.
President Javier Milei celebrated the decision as a victory and criticized Cristina Fernández de Kirchner.
YPF's oil output from Vaca Muerta rose to nearly 600,000 barrels per day in January 2026.
YPF reported a $5 billion profit in 2025.