Guyana’s March Oil Production Sags, Time To Worry?

Guyana’s March Oil Production Sags, Time To Worry?

Guyana’s oil output took a dip in March, sliding to 627,000 barrels per day (bpd) from February’s 648,000 bpd, a new report from Reuters shows. That puts first-quarter production at a still-robust 631,000 bpd on average, according to the country’s energy ministry. A blip? Sure. A bust? Not even close. Let’s not forget: just five years ago, Guyana didn’t even have a spot on the global oil map. Thanks mostly to ExxonMobil and its tag-team partners…

Venezuela's dictator Maduro is fueling the conflict over the oil-rich Essequibo region in the neighboring country of Guyana. His provocations have reached a level that is upsetting Latin America, and the United States cannot easily watch – for one reason.

Guyana Q1 oil production increase

Guyana has reported a 3% increase in oil production in March, reaching an average of 631,000bpd, compared to the same period last year.

News of the Day and the Hour Latest News of the day Guyana's oil production fell by approximately 3% in March, to 627,000 barrels per day (bpd), compared to the previous month. However, the 631,000 bpd produced in the first quarter were 3% higher than in the same period last year, according to data published on Thursday by the country's Ministry of Energy. In 2024, Guyana became the fifth largest oil exporter in Latin America, after Brazil, Mex…