US EditionVenezuela Oil Won’t Top Others in Region for Years, Rystad Says - Energy News, Top Headlines, Commentaries, Features & Events
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Argentina, Guyana and Brazil are emerging to lead the growth of oil production in Latin America in 2026, despite the fact that the eventual return of Venezuelan barrels raises questions about the long-term capital spending strategy in the region. While large international oil companies continue to point to Venezuela as a market that is difficult to support financially in the long term, traders and companies such as Trafigura and Hillcorp show a …
Venezuela Oil Won’t Top Others in Region for Years, Rystad Says - Energy News, Top Headlines, Commentaries, Features & Events
By Ella Feldman Argentina, Guyana and Brazil remain poised to drive oil production growth in South America for years to come despite the US push for investment in Venezuela, Rystad Energy says. The consulting firm estimates flagship projects in the three countries will add more than 700,000 barrels per day in oil production this year, ...
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