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EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth
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Why This Matters
Brazil, Guyana, and Argentina are expected to drive 0.8 million barrels per day oil output growth in 2026, primarily due to new offshore projects in Brazil, according to the U.S. Energy Information Administration.
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Article Context
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Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore pre-salt projects coming online, including the start-up of Equinor’s (NYSE:EQNR) Bacalhau field in October as well as the start-up of two additional FPSOs by Petrobras in December. EIA has projected a 0.2 mb/d increase…
Original article published by
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on December 17, 2025.
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