Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak in the early 2030s at around 107 million barrels per day (bpd), remaining above 100 million bpd through the 2040s before gradually declining to about 75 million bpd by 2050. Non-OPEC+…