Brazil, Guyana, Argentina: New Oil Powerhouses

Brazil, Guyana, and Argentina are poised to become major oil players, driving half of the expected 800,000 barrels per day increase in non-OPEC supply by 2026. Brazils new offshore projects, like Equinors Bacalhau field, will boost production to 4 million barrels per day. Guyanas Stabroek Block, led by Exxon Mobil, will reach 1 million barrels per day by 2027. Argentinas Vaca Muerta shale reserves will contribute 810,000 barrels per day in 2026, helping balance the global oil market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.