The world’s fastest-growing oil producer is going it alone


Guyana’s vice president said this week that his country doesn’t want to join the Organization of the Petroleum Exporting Countries (OPEC).

While Guyana hasn’t yet received an official invitation to join the oil sector cartel, OPEC has been putting the idea out there. And you can see why:

  • 💵 Guyana is backed by a $40B oil consortium (led by Exxon Mobil)
  • 🛢️ It’s gone from pumping zero to 336,000 barrels a day since 2019, and
  • 📈 It’s looking to pump more than a million barrels per day by 2028.

Intrigue’s take: OPEC was once the place for oil producers – more exclusive than a Berlin nightclub devoted to minimalist German techno.

But non-OPEC producers like Brazil and the US are now projected to outpace OPEC by millions of barrels a day in coming years. And with the green transition underway, Guyana wants to get as much oil out of the ground as quickly as possible”, without OPEC rules tapping its brakes.

Also worth noting:

  • Guyana (pop: ~791,000) is the only English-speaking country in South America.
  • The IMF expects Guyana’s GDP to grow by 37.2% (!) this year.
Latest Author Articles
Trump threatens 50% tariffs on Brazil. It won’t end well.

This article is a cross publication from The Brazilian Report.  After months of fear and anticipation, US President Donald Trump announced additional 50% tariffs on all Brazilian exports to the United States, to be enforced on Aug. 1. The letter to President Luiz Inácio Lula da Silva of Brazil stood out among the batch Trump […]

15 July, 2025
Can the US actually destroy Iran’s Fordow base?

Now that the US president has indicated he’ll allow another two weeks for negotiations with Iran to continue, we can also reflect a little more on some of the underlying assumptions at play: eg, can the US actually punch through Iran’s Fordow mountain? So with thanks to an anonymous Intriguer, we connected with one of […]

20 June, 2025
Israel strikes Iran

Thought you could have a nice, relaxed, geopolitics-free weekend? Perhaps pop down to Home Depot if you get time? Wrong.  Following a day of mysterious security alerts for US and Israeli diplomats in the Middle East (suggesting they had intel something was up), Israel has now struck targets in Iran. The dust is still settling, […]

13 June, 2025
The Israel-Hamas ceasefire wobbles

It’s been three weeks since Israel and Hamas signed a deal that put a tentative end to their ~16 months of devastating conflict.  The pact ramped up the flow of aid into the strip and enabled the return of an initial 16 Israeli hostages held by Hamas and more than 730 Palestinian prisoners in Israel. […]

14 February, 2025