Controversy
Status:Open
Will Latin American Countries Lead in Oil & Gas Supply Growth in 2026?
UNLIKELYLIKELY
Claims
Latintimes"Brazil and Guyana together are expected to contribute roughly 1.6 million barrels per day across 2025–26, making the [Latin American Countries] region one of the strongest contributors outside the United States and the Middle East."Dec 14, 2025
Safehaven"Non-OPEC+ [including Latin American countries] producers are expected to account for around 5.9 million bpd, or nearly 60%, of new conventional oil currently under development through 2030 (total new capacity)."Nov 09, 2025
Radhika Bansal"South America will lead supply growth this year, adding over 560,000 bpd of crude and condensate, followed by North America with around 480,000 bpd. "Jan 22, 2026
U.S. Energy Information Administration (EIA)"We forecast that global crude oil production will increase by 0.8 million barrels per day (b/d) in 2026, with supply from Brazil, Guyana, and Argentina accounting for 0.4 million b/d of the expected global growth forecast in our December Short-Term Energy Outlook (STEO)."Dec 17, 2025
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Rystad Energy"Oil from offshore Brazil, Guyana, Suriname, and Argentina’s Vaca Muerta shale play will be key sources of cost-competitive non-OPEC oil supply through 2030."Nov 09, 2025
OilPrice.com"Latin America is projected to lead non-OPEC+ growth, accounting for about two-thirds of the total, followed by Canada and the U.S."Dec 11, 2025
AMP"Global crude oil production is set to grow by 0.8 million b/d in 2026, and Latin America will be responsible for half of it. "Dec 18, 2025
Oxford Economics"Latin America is expected to be a leading source of global oil supply growth in 2025 and 2026, with new production from Brazil and Guyana significantly expanding global output."Dec 14, 2025
© 2026 Improve the News Foundation. All rights reserved.Version 6.18.0
© 2026 Improve the News Foundation.
All rights reserved.
Version 6.18.0