Oil production in Latin America & the Caribbean 2009-2022
Oil production in Latin America and the Caribbean has been continually decreasing for over half a decade, dipping to around 8.3 million barrels per day in 2022. This represented a drop of nearly 22 percent in comparison to the peak output of the decade registered in 2015. Brazil is the largest oil producer in Latin America, accounting for around 38 percent of the region's output that year.
