Brazil (42 %), Mexico (17 %), and Venezuela (11 %) are the three main oil producers in Latin America.

According to data from the Latin American and Caribbean Energy Organization (OLACDE in Spanish), oil production in Latin America and the Caribbean increased to 318 million barrels (Mbbl) in April 2026. That is, 10% more than in the same period of the previous year.

The three countries that lead the production ranking contribute to the balance of the energy market. “In April 2026, 54% of the total value of oil imports in Latin America and the Caribbean corresponded to intraregional trade. The remaining percentage came from markets outside the region.”

According to the OLACDE report, by this year the region’s proven crude oil reserves “would fall to 334 billion barrels” and regional production would be 4 billion barrels.

According to the organization, with these extraction levels, the duration of proven reserves would be 87 years.

M.Pino

Source: notitarde

(Reference image source: Christian Harb on Unsplash)

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Data published by the Latin American and Caribbean Energy Organization (OLACDE) shows that by 2025, the Latin America and Caribbean region will contribute approximately 11 % of the world’s oil supply and nearly 6 % of its natural gas supply.

The report “Panorama 2025: Oil and Natural Gas Production and Foreign Trade in Latin America and the Caribbean (LAC)” revealed that “oil production in the region increased by 20 %” last year. Regarding the hydrocarbon sector, the report noted a boost from Guyana’s growth and Brazil’s continued leadership.

According to the document, seven countries account for 87 % of oil production in Latin America: Brazil, Mexico, Venezuela, Argentina, Colombia, Guyana, and Ecuador, each with a share exceeding 5 % of the regional total.

The list is distributed as follows: Brazil as the main regional producer, “reaching 3.77 million barrels per day (bpd); followed by Mexico, which registers 1.67 million bpd; leaving Venezuela in third place, with 1.08 million bpd.

Guyana’s oil production stood at 900,000 bpd, Argentina’s at 878,800 bpd, Colombia’s at 746,000 bpd, while Ecuador’s remained at 439,717 barrels of oil.”

M.Pino

Source: actualidad.rt

(Reference image source: Maria Lupan on Unsplash)

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