Guyana, situated on South America's northern coast neighboring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil. Since starting production in 2019, Guyana has increased its crude oil production to 645,000 barrels per day (b/d) as of early 2024, all sourced from offshore resources in the Stabroek block. More ›
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2024
5/20/2024: NA/barrel
NA from week earlier
NA from year earlier
5/20/2024: NA/MMBtu
NA from week earlier
NA from year earlier
5/20/2024: $3.584/gal
down$0.024 from week earlier
up$0.050 from year earlier
5/20/2024: $3.789/gal
down$0.059 from week earlier
down$0.094 from year earlier
5/11/2024: 7.813 million tons
down0.029 million tons from week earlier
down3.070 million tons from year earlier