LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

March 14, 2025

What Do Falling Oil Prices Mean for Latin America?

Oil prices continue to sink to post-pandemic lows this year amid oversupply concerns. An oil rig off the coast of Curaçao is pictured. // File Photo: Denise via Adobe Stock.

Q

A

Laura Gualdron, energy markets analyst at ESAI Energy: “The non-OPEC countries with the largest growth in crude oil production in the world are located in the Americas. The United States, Canada and Brazil have positioned themselves as giants in the industry, while the oil sectors in Guyana and Argentina are growing promisingly. In North America, both the United States and Canada have diversified and stable economies with strong financial and institutional systems, which suits them well for enduring declining oil prices, especially in the United States, where the breakeven price of shale oil production has fallen to about $45 per barrel at the most productive wells. In contrast, Latin American oil producers often face more financial, institutional and regulatory instability. However, offshore pre-salt oil…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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