The increase in U.S. oil and gas exports due to disruptions in Middle Eastern energy supply, especially following the Iran war, is clearly visible. Energy producers in North and South America continue to grow their exports due to rising global demand for alternative resources.
Analysis of Energy Production and Exports
According to data from the energy consulting firm Rystad, oil production in North and South America is expected to see a 10 percent increase by the end of 2026. This year, Canada and Brazil have set new records in energy production. Meanwhile, rising energy prices and concerns about supply security have directed buyers towards alternative resources.
Read more: Jones Walker Marine Law Group Ranked Nationally in 2026
Increase in U.S. Crude Oil Exports
U.S. crude oil and petroleum product exports to Europe and Asia have increased. Forecasts indicate that U.S. shale oil production will reach 11.8 million barrels per day by December 2027, which is about 1 million barrels per day more than pre-war levels. Additionally, U.S. liquefied natural gas exports averaged 17.4 billion cubic feet per day in the first half of 2026, representing a 23 percent increase compared to 2025.
Investment Development in Latin American Countries
Argentina has also capitalized on this situation, and the development of the Vaca Muerta shale oil and gas field has contributed to the increase in production and exports of this country. In this context, TotalEnergies has announced that it will invest $10 billion in energy projects in Argentina by October 2026. Furthermore, Chevron has plans for a $13.8 billion investment in the El Trapial oil field.
Increase in Oil Production in Venezuela and Canada
Venezuela's oil production has increased by about 10 percent since the beginning of this year, reaching 1.2 million barrels per day. In this regard, Chevron has committed to investing $7 billion in the country over the next 5 years. In Canada, the development of liquefied natural gas export facilities is being pursued with an investment of over $20 billion.
These developments indicate that the Iran war could change the structure of global energy trade in the long term and strengthen the position of countries in the Americas in supplying oil and gas to the world. However, the continuation of this trend depends on energy supply conditions in the Middle East and new investments.
Read more: APM Terminals Pipavav Appoints Zeeshan Makhi as Commercial Director · Possibility of Breakthrough in Iran-U.S. Negotiations This Week
