Brazil, Guyana, and Argentina Lead Next Wave of Non-OPEC Oil Production
Affected assets and topics
Why it matters
Rystad Energy predicts that Brazil, Guyana, and Argentina will lead the next wave of non-OPEC oil production, driven by cost-competitive offshore and shale play developments. This new supply will be crucial in balancing the global market, as demand is expected to peak in the 2030s and decline in the 2050s. Non-OPEC+ supply is seen as key to maintaining a stable market.
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Expected market reaction
Market impact analysis based on bullish sentiment with 85% 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
- 8499
Original source
Oil from offshore Brazil, Guyana, Suriname, and Argentina’s Vaca Muerta shale play will be key sources of cost-competitive non-OPEC oil supply through 2030, Rystad Energy has predicted. Rystad has predicted that global liquids demand will peak in the 2030s at around 107 million barrels per day (bpd), maintain a plateau above 100 million bpd through the 2040s before declining to around 75 million bpd by 2050. According to the Norwegian energy consultancy, non-OPEC+ supply will be key to balancing the global market, with cheap oil from South…
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Original article published by OilPrice.com on November 10, 2025. Analysis and insights provided by AnalystMarkets AI.