South America Set to Surge Oil Output if Prices Hold at $100, Says Rystad

3 articles · Updated · Bloomberg · Apr 20

South America could boost oil output by 2.1 million barrels per day by 2035 if crude prices remain around $100, according to Rystad Energy.
Brazil, Guyana, and Suriname may add 1 million barrels daily, while Venezuela could increase by 910,000 barrels if fiscal reforms and sanctions relief occur.
The region’s expanded output could raise government revenues by $43 billion this year, highlighting South America's growing role in global oil markets.

With oil prices so volatile, can South America truly secure the investment needed for its ambitious expansion?

If oil prices drop to $60 as predicted, what happens to South America's $100-a-barrel oil dream?

Is South America's oil boom a path to prosperity or just the next chapter of the resource curse?

Can Guyana remain a 'net carbon sink' while aiming to produce 1.7 million barrels of oil daily?

After Maduro’s fall, can Venezuela’s new oil laws prevent it from becoming a “vassal petro-state”?

Is Argentina's Vaca Muerta boom creating a 'carbon bomb' and sacrificing Indigenous rights for profit?