Latin America’s Crude Oil Markets
Crude oil exports from Latin America to the US have plummeted as oil production in the region has slumped while demand is on the rise.
Crude oil exports from Latin America to the US have plummeted as oil production in the region has slumped while demand is on the rise.
Lower prices may also have an upside for the region’s biggest exporters, as high-cost producers in competing Canada take a hit.
Oil and gas production in the United States and Canada has increased considerably since 2008.