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Listen: A new president for Guyana, the next non-OPEC oil giant

  • Featuring
  • Meghan Gordon
  • Commodity
  • Oil
  • Length
  • 26:08
  • Topic
  • Coronavirus and Commodities OPEC+ Oil Output Cuts

Guyana is one of the most promising new sources for non-OPEC oil production growth, and the country just emerged from a chaotic five-month election drama. Opposition leader Mohamed Irfaan Ali was sworn into office as the country's new president last week.

The small South American country is home to the biggest oil discovery in recent years. In January, ExxonMobil boosted its reserves estimate for the Stabroek Block to more than 8 billion barrels.

Tristan Reilly of S&P Global Platts Analytics shares a quick history of the discovery, some of the next production targets expected and what oil prices would be needed for additional development.

Lisa Viscidi, director of the Inter-American Dialogue's energy, climate change and extractive industries program, gets into more detail about the disputed election, the newly inaugurated president and the implications for Guyana's oil future.

She also took us through some quick hits on the other top oil stories in Latin America: Venezuela's collapse, Mexico's attempts at self-sufficiency, and Brazil's double struggle with the oil price collapse and the coronavirus.