The US Energy Boom & Refining Markets in Latin America
The surge in unconventional oil and gas production in North America has dramatically shifted energy markets in the Americas.
Analysis
Filling The Gap: How the US Energy Boom is Shaping Refining Markets in Latin America
The surge in unconventional oil and gas production in North America has dramatically shifted energy markets in the Americas, with important implications for Latin America and the Caribbean. A new report by Lisa Viscidi, Director of the Energy, Climate Change and Extractive Industries Program at the Inter-American Dialogue, examines the factors behind rising oil demand and the growing deficit in refining capacity in Latin America, as well as the geopolitical implications of increasing US oil product exports to the region.
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.