Guyana oil output nears 1M bpd, transforming economy at record pace

Guyana's offshore Stabroek Block production has exceeded 900,000 bpd and is on track to surpass 1 million bpd by year-end, making it South America's third-largest oil producer. The rapid ramp-up is transforming the economy, but raises questions about infrastructure capacity and fiscal management. This marks a significant acceleration in output, with implications for regional energy balances and global supply.