Oil and gas production in the Americas is increasing following Iran's sanctions and Middle Eastern unrest. International buyers are scrambling to secure energy supplies, and data from Rystad Energy shows that countries from Canada to Brazil are setting new records in oil extraction.
Forecast of 10 Percent Growth in Oil and Gas Production
It is expected that total oil and gas production in North and South America will experience a 10 percent growth over the next two years, until the end of 2026. At the same time, U.S. oil production is on an upward trend, and exports of crude oil and products such as diesel from the country to Europe, Asia, and the Pacific have increased by 15 percent.
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Impact of Sanctions on Energy Developments in South America
Seven months after the start of the U.S. war against Iran, developments in the Americas, especially in Venezuela and Argentina, are moving in a direction that Donald Trump previously outlined as the
