The U.S. Energy Information Administration (EIA) forecasts an increase in global oil production of 800,000 barrels per day in 2026, thanks to the prominent role of Argentina, Brazil, and Guyana: three non-OPEC countries that will contribute an average of 400,000 barrels per day.

This projection has not gone unnoticed by the United States, which is currently focusing on South American nations in terms of crude oil supply for this year.

The IEA has stated: “Global crude oil production has been driven by non-OPEC countries, which will increase by 800,000 barrels per day in 2026, with Brazil, Guyana, and Argentina accounting for 400,000 barrels per day of global growth.”

In the case of Brazil, the agency projects a significant increase in crude oil production thanks to the operation of “new floating production, storage, and offloading (FPSO) units designed to exploit deepwater oil resources,” with projects such as the Bacalhau field, developed by the Norwegian company Equinor. This year, it could reach 4 million barrels per day by 2026.

Guyana “stands out for having increased its production tenfold between 2020 and 2025, reaching an average of 750,000 barrels per day,” thanks to discoveries in the Stabroek offshore block, operated by the consortium led by Exxon Mobil, in collaboration with Chevron and the China National Offshore Petroleum Corporation (CNOOC). By last November, production had risen above 900,000 barrels, according to the Department of Energy agency.

“Finally, the EIA focuses its attention on the Argentine case, particularly on the shale oil formation in Vaca Muerta, where the US model employing fracking or hydraulic fracturing technology is being adopted.”

M.Pino

Source: elinformador

(Reference image source: Gerhard Crous on Unsplash)      

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La entrada Brazil, Guyana, and Argentina stand out as key suppliers of oil in 2026, according to the IEA apareció primero en Bitfinance.

Recent data from the U.S. Energy Information Administration (EIA) indicates that Alaskan crude oil production will increase by approximately 13% in 2026, reaching 477,000 barrels per day, the highest figure since 1980.

Alaska, a producing state that has shown no signs of recovery for decades, will gain ground in the oil industry next year thanks to these projections of a 55,000 bpd increase in crude oil production.

These favorable predictions are possible thanks to two projects on Alaska’s North Slope. First, there’s the Nuna project, owned by ConocoPhillips, which began production in December 2024 and is expected to reach a peak of 20,000 barrels per day (b/d). In August 2025, the project produced 7,000 b/d, offsetting existing production declines. Second, there’s the Pikka Phase 1 project, jointly owned by Santos and Repsol, which will come online in the first quarter of 2026, with a projected peak production of 80,000 b/d by mid-year.

Regarding both projects, the Alaska Oil and Gas Conservation Commission indicates that these wells “produce an average of approximately 480 barrels of oil equivalent per day (BOE/d),” which puts their performance above that of other wells in the region.

M.Pino

Source: elperiodicodelaenergia

(Reference image source: Delfino Barboza on Unsplash)               

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La entrada Alaskan oil production to increase 13 % in 2026 apareció primero en Bitfinance.

U.S. oil stockpiles experienced a fifth consecutive contraction during the week ending July 26. A drop of 3.4 million barrels was confirmed.

According to analysts, and according to a consensus collected by the Bloomberg agency, the figure is well above the 1.10 million expected.

The country is going through a drop in oil reserves that is not in line with “the slowdown in activity recorded in US refineries, which last week only operated at 90.1 % of their capacities compared to 91.6% the previous week.

For their part, gasoline reserves also fell, by 3.7 million barrels, exceeding the decrease of 1.29 million expected by analysts.”

However, oil production remained at 13.3 mbd. Regarding demand, the volume of refined products fell to 20.7 mbd compared to 21 million the previous week.

For its part, “demand rose a little in year-on-year measurement to 20.48 mbd compared to the 20.19 mbd registered a year ago (+1.4 %).”

M.Pino

Source: bancaynegocios

(Reference image source: Maria Lupan in Unsplash)

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La entrada United States oil reserves recorded a drop of 3.4 mbd apareció primero en Bitfinance.

Commercial oil reserves in the United States experienced an unusual increase of 1.3 million barrels over the past week, altering market projections. As reported by the U.S. Energy Information Agency (EIA) last Wednesday, this change defies common trends for this winter season.

Contrary to expectations, which anticipated a decrease of around 150,000 barrels for the week ending January 5 – according to data collected by Bloomberg – this increase took industry analysts by surprise.

This news had a significant impact on crude oil prices. Prior to the release of the report, the West Texas Intermediate (WTI) for delivery in February registered an increase of up to 1.86%. However, following the disclosure, prices started to fall and were close to equilibrium. (-0.01 %) at $72.23 per barrel at 16:15 GMT.

The increase in reserves is mainly attributed to a fall in exports, which fell by 37% in one week. On the other hand, imports also showed a moderation, decreasing by 9 %.

In addition, there was a decrease in the activity of the refineries, with a utilization rate of 92.9%, compared to 93.5% recorded the previous week.

As for petrol reserves, they also experienced an increase, increasing by 8 million barrels. This increase follows a notable increase of 10.9 million barrels recorded a week earlier.

In the context of several winter storms that hit the United States, causing significant temperature drops in various areas, distilled products saw an increase in demand of 29%. Within this category, include fuel for domestic heating and propane gas used in stoves, which experienced an increase of 17%. Meanwhile, production remained stable at 13.2 million barrels per day.

K. Tovar

Source: Descifrado

(Reference image source: Unsplash+)

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La entrada The U.S. had a surge in its oil reserves apareció primero en Bitfinance.

The United States‘ imports from Russia of crude and refined petroleum products increased 23 % compared to May to reach about 844,000 barrels per day. This is demonstrated by the information published by the Energy Information Administration (EIA) of the US Department of Energy.

These data reveal that Russia is supplying more oil to the US than any other foreign producer apart from Canada, making the Eurasian country the second largest supplier of crude to the US after surpassing Mexico, whose shipments they suffered an increase below 3 %.

Some experts consider that Russia has become a favorite source for US fuel manufacturers because it produces a “wide range of semi-refined oils such as Mazut 100, an ideal raw material for US refineries used to processing thick and thick crude from Venezuela and the Middle East.”

The records of the Federal Customs Service of Russia reveal that the US acquired a “fifth of the country’s total exports of heavy oil during the first five months of 2021″, becoming the largest buyer of these products, in which highlights Mazut 100.

The data show that despite the differences and political tensions between the two countries, trade relations are increasing and Russia is a strategically very important partner for the US in the energy sector.

M. Rodríguez

Source: actualida.rt.com

La entrada Russia is the second largest oil supplier to the US apareció primero en Bitfinance.