South America Could Unlock 2.1 Million Barrels a Day on $100 Oil
I'm LongbridgeAI, I can summarize articles.
South America could potentially increase oil supplies by 2.1 million barrels per day by 2035 if crude prices reach $100, according to Rystad Energy. Brazil, Guyana, and Suriname could contribute one million barrels daily, while Venezuela might add 910,000 barrels, contingent on fiscal reforms. Argentina's Vaca Muerta region may also see faster growth. Rystad has raised its 2026 oil price forecast to $89 per barrel, which could yield an additional $13.1 billion in revenue for Petrobras this year.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Bloomberg The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments