Argentine Provinces Threaten Oil Supply Cut Over Withheld Tax Revenue for Central Debt

• Argentina's oil-producing provinces threaten to cut off oil supply over withheld tax revenues • Central government wants to withhold $15.3 million from provinces to collect on unpaid debt • President Milei slams governors as "fiscal degenerates", prompting warning he underestimates them • Patagonia region home to most of Argentina's current and future oil production • Vaca Muerta shale play accounts for 2/3 of Argentina's oil output, saw $10.7 billion investment in 2022