South America to Anchor Non-OPEC+ Oil Supply Through 2030
Affected assets and topics
Why it matters
South America is expected to be a key contributor to non-OPEC+ oil supply through 2030, driven by offshore production in Brazil, Guyana, and Suriname, as well as Argentina's Vaca Muerta shale. This is expected to meet robust global oil demand, which is forecasted to peak in the early 2030s. The demand is expected to remain above 100 million barrels per day through the 2040s before declining.
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Expected market reaction
Market impact analysis based on bullish sentiment with 90% 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
- 8302
Original source
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+…
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Original article published by OilPrice.com on November 8, 2025. Analysis and insights provided by AnalystMarkets AI.