EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth
Affected assets and topics
Why it 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.
Expected market reaction
Market impact analysis based on bullish sentiment with 82% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 23670
Original source
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…
Read the full article on OilPrice.com
Original article published by OilPrice.com on December 17, 2025. Analysis and insights provided by AnalystMarkets AI.