The Three LatAm Countries Now Driving Half the World’s New Oil Supply, Led by Brazil

2026-02-05 - 10:35

Key Points Brazil will pump over 4.2 million barrels of oil per day in 2026, leading a Latin American surge that now supplies more new oil to the world than any region outside the Middle East. Three countries — Brazil, Argentina and Guyana — are adding 700,000 barrels per day this year while Venezuela, despite