Guyana's oil output almost unchanged at 664,000 bpd in July
GEORGETOWN, Guyana, Aug 21 (Reuters) - Oil output in Guyana was almost unchanged last month at around 664,000 barrels per day (bpd), the government said in a bulletin on Thursday, which led to an average of 643,000 bpd in the first seven months of the year.
The South American country's oil production capacity, which is controlled by a consortium led by U.S. major Exxon Mobil XOM.N, is expected to surpass 900,000 bpd later this year after output recently commenced at a fourth floating facility.
Output in the Jan-July period last year was 595,000 bpd, according to the data.
Guyana received $218 million in revenue from oil sales and royalties last month, which increased the country's total revenue so far this year to more than $1.4 billion, according to the central bank.
Related Articles
How Is the U.S. Accumulating Bitcoin — and Why Is the Market Watching So Closely?
In short, the form of U.S. Bitcoin accumulation is a powerful policy language. A direct purchase strategy could trigger a seismic shift in global finance, while a passive approach would reinforce the status quo. For investors, understanding how the U.S. acts is more important than whether it acts at
[Reuters Analysis] Powell's last Jackson Hole speech could pack a punch: McGeever
By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) - Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair. If the moves following his last seven are any guide, investors buckle up for a bumpy ride....
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
