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2 clusters · 3 sources · 18 days · First seen 19 days ago · Last updated 1 day ago

Americas energy production growth

Overview

Increased conflict and supply risks in the Middle East, specifically tensions in the Strait of Hormuz, have elevated the strategic importance of the Americas as a global energy supplier.

In July 2026, the Latin American and Caribbean Energy Organization (Olacde) reported that regional natural gas production reached 22,000 billion cubic metres in March 2026, a 5% increase over the previous year. During that same period, oil production rose 9% year-on-year to 324 million barrels, with Brazil, Mexico, and Venezuela contributing 69% of the total. Argentina, Trinidad and Tobago, and Brazil were identified as leading gas producers.

By August 2026, data indicated that the Americas had emerged as a dominant force in the global energy market, producing approximately 39.5 million barrels of crude oil and petroleum derivatives per day. When including ethanol and biodiesel, total regional volume reaches roughly 42 million barrels per day, accounting for nearly 40% of global crude oil production. This shift is attributed to significant growth in the United States, Brazil, and Canada, occurring alongside global supply instability caused by Middle Eastern conflicts.

Entities

Brazil · Organización Latinoamericana y Caribeña de Energía · Argentina · Venezuela · Bloomberg

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] The Americas produce approximately 39.5 million barrels per day of crude oil and petroleum derivatives. patrialatina.com.br · actualidad.rt.com
[● 2 SOURCES] Including ethanol and biodiesel, total production in the Americas reaches about 42 million barrels per day. patrialatina.com.br · actualidad.rt.com
[● 2 SOURCES] The Americas account for nearly 40% of global crude oil production. patrialatina.com.br · actualidad.rt.com
[● 2 SOURCES] United States oil production has increased from approximately 5 million barrels per day in 2008 to nearly 13 million barrels per day. patrialatina.com.br · actualidad.rt.com
[● 2 SOURCES] Brazil's oil production reached a record of 4.5 million barrels per day in June, a 19% year-on-year increase. patrialatina.com.br · actualidad.rt.com
[● 2 SOURCES] Canada's oil production reached a record of 5.64 million barrels per day in December 2025. patrialatina.com.br · actualidad.rt.com
[● 2 SOURCES] Conflict in the Middle East and the blockade of the Strait of Hormuz have reduced global oil supply and increased prices. patrialatina.com.br · actualidad.rt.com

Timeline

1 day ago

[BUSINESS] 3 sources
Americas emerge as global leader in oil production
The Americas have become a global leader in oil production, accounting for nearly 40% of the world's crude oil, driven by surges in the US, Brazil, and Canada amid Middle East supply disruptions.
19 days ago

[BUSINESS] 2 sources
Olacde: Middle East conflict lifts Latin American hydrocarbon output
Olacde reports the Middle East conflict has boosted Latin America’s hydrocarbon output, with natural‑gas production up 5 % to 22 000 bcm and oil up 9 % to 324 million barrels in March 2026, highlighting the US‑

Sources

actualidad.rt.com · informaparaiba.com.br · patrialatina.com.br