EnergyHighReportedAccelerating
9.2
IEA warns high oil prices may persist until 2027 on supply restoration lag
SMESRC LO·US · SA · IR·2 days ago
Guyana's crude exports are set to exceed 1 million barrels per day in December for the first time, driven by the startup of the Uaru grade. This marks a significant ramp-up in output from the Stabroek block, reinforcing Guyana's role as a major non-OPEC supply source. The milestone underscores continued growth in Atlantic Basin supply, which could weigh on crude prices.