Bad Signal for the Central Bank: Drop in Oil Price Already Affects the Energy Trade Balance

A bad signal for the Central Bank (BCRA) left the Argentina Trade Exchange (ICA) report published every month by the Indec. Although in April the energy sector increased 4.5% of the quantities exported year-on-year, the total volume fell 10%, due to the collapse of international prices 14%.Total energy exports reached US$851 million last month, representing a drop of US$95 million compared to April 2024.This also allowed the energy trade balance…