Latin America Oil Supply in March 2015

Source: OPEC 4/9/2015, Location: South America

Latin America’s oil supply is estimated to have grown by 0.24 mb/d to average 5.03 mb/d in 2014, unchanged from the previous MOMR. Latin America is another main driver of growth among non-OPEC regions. Brazil and Latin America Others contributed to growth in 2014, while output from Colombia is likely to experience a decline of 20 tb/d in 2014 to average 1.01 mb/d. On a quarterly basis, Latin America’s supply in 2014 is expected to stand at 4.86 mb/d, 4.92 mb/d, 5.10 mb/d and 5.23 mb/d, respectively.

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