Guyana's oil boom is driving regional growth while Latin America faces economic slowdowns.
4 reports, 3 independent
Updated Oct 6
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What happened
Guyana's oil boom is driving regional growth while Latin America faces economic slowdowns.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Oil revenue in Guyana is driving population growth.Sub-event
- Guyana represents Latin America on EITI Board.Sub-event
Guyana's oil boom sets a new regional growth benchmark, contrasting with LA slowdowns.1 source
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The entities involved
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Latin America
region of the Americas where Romance languages are primarily spoken
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Guyana
country in South America
- BB Energy, controlled by Lebanon's Bassatne family, has secured fuel supply contracts in Guyana for powership operations on the Demerara and Berbice Rivers.
- ExxonMobil and Brookfield Renewable are expanding globally, increasing production in Guyana and Africa, while monitoring Brent crude prices and Middle East volatility.
Related events
- Global energy markets show varied trends, with higher offshore activity supporting growth in Guyana, while conflict-related disruptions reduce Middle East revenue.
- Guyana is listed as a full member of the Caribbean Community, and Haiti's GDP is reported to be a quarter of the Dominican Republic's.
- ExxonMobil reports strong production in Guyana fields, noting that the Beaumont refinery expansion contributed to increased output.
- ExxonMobil boosted production from its deepwater fields in Guyana.
- IMF trimmed growth forecasts for Latin America and the Caribbean, citing energy shocks from Brent crude.