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According to a recent forecast by the U.S. Energy Information Administration (EIA), non-OPEC oil production is set to increase by 800,000 barrels per day by 2026; Brazil, Guyana, and Argentina will account for half of this increase, serving as the main drivers of growth. The agency said that the growth in Brazil’s oil production will primarily be driven by the commissioning of new offshore pre-salt oil fields, including the Bacalhau field, which is set to become operational in October 2025 by Norwegian oil company ** Petroleum, as well as two additional floating production storage and offloading units to be put into service by Brazilian oil company ** Petroleum in December 2025. The EIA predicts that Brazil’s daily oil production will increase by 200,000 barrels in 2026, reaching 4 million barrels. In Guyana, ExxonMobil and its partners are accelerating the development of the Stabroek block to drive crude oil production to new heights. With the commissioning of several new floating production, storage, and offloading units such as Yellowtail, Uaru, and Whiptail, Guyana’s daily crude oil production is expected to exceed 1 million barrels. Argentina’s oil production is also set to see a significant increase in 2026, driven primarily by its rich Vaca Muerta shale oil fields. By 2026, Argentina’s average daily crude oil production is expected to reach 810,000 barrels, showing a continuous increase from 740,000 barrels in 2025 and 670,000 barrels in 2024. According to RuiZiDe Energy forecasts, the supply from non-OPEC+ oil-producing countries will be key to balancing the global market, with low-cost crude oil from South America offsetting the effects of a slowdown in the growth of shale oil production in the United States. By 2030, non-OPEC+ oil producers will account for approximately 5.9 million barrels per day of the new conventional oil production capacity that is being developed, representing nearly 60% of the total increase. Among them, South America will be the main source of growth, with daily production of crude oil and condensate increasing by 560,000 barrels; North America will see an increase of around 480,000 barrels per day. (Pang Xiaohua)