South America's oil trio pushes Guyana toward a million barrels a day as Atlantic crude demand climbs
Why the Stabroek boom is now a geopolitical hedge — and what it means for the diaspora bond.
South America became the largest source of new oil exports in 2026, with Guyana, Brazil and Venezuela adding barrels as buyers sought crude outside Middle East chokepoints after the Strait of Hormuz disruption. Guyana’s Exxon-led Stabroek consortium has reached roughly 900,000 barrels per day and is seeking approval for further exploration, with capacity projected to keep climbing. Higher prices and reliable Atlantic supply position Guyana to lift oil revenue and its Natural Resource Fund. For the diaspora, that revenue is the backdrop to the newly announced diaspora bond — and the reason governance and transparency questions matter more, not less.
Source: OilPrice.com; The American Prospect; Energy Chamber of Trinidad and Tobago.