Lithium Fever Doubled Production, but that of Natural Gas Fell

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Crude oil extraction recorded an increase of 9.4 per cent year-on-year in May, according to the National Institute of Statistics and Censuses (INDEC) in the Industrial Mining Production Index (IPI miner). The increase was due to the rise of 21.7 per cent of non-conventional oil (2,231,700 m3 extracted) and the decrease of 5.2 per cent of conventional oil (1,456,600 m3 extracted). In the accumulation of the first five months of the year, it incre…

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Oil production in Peru rose 2.9% in June, compared to the same month in 2024, but other hydrocarbons such as natural gas liquids, liquid hydrocarbons and natural gas fell 10.6%, 5.9% and 3.1%, respectively, according to the report released this Monday by the National Society of Oil and Energy Mining (SNMPE). The Monthly Hydrocarbon Statistical Bulletin detailed that oil production in June amounted to 43,100 barrels per day, 2.5% less than in las…

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A report by the INDEC reflected a strong contrast in the mining sector: while lithium grew 100% year-on-year, natural gas receded by 1.6%. The post Lithium fever doubled production, but fell that of natural gas appeared first on The Intransigent.