Guyanese Dream: Oil boom in Guyana could transform global crude market

The small South American country of Guyana has experienced a quick transformation within the past decade, going from zero oil production in 2019 to nearly 400,000 b/d in 2023 and that is expected to reach around 600,000 by the end of 2024. That will position Guyana as one of the world’s top oil producing countries in the world and a rare exception in the market where exploration and production is expanding. S&P; Global Commodity Insights' oil pricing and news experts Laura Huchzermeyer, Patrick Harrington, and Starr Spencer discuss investment and pricing trends in Guyana, as well as new price assessments for Guyana’s Unity Gold. Prices in this episode: Liza FOB Guyana Unity Gold FOB Guyana We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz