Oil Price in Guyana — Brent & WTI Crude Today

Guyana is one of the world's fastest-growing oil producers following massive offshore discoveries by ExxonMobil in the Stabroek Block. Crude is sold on a Brent-linked basis, transforming the small South American economy into a major exporter.

Classified here as a significant producer outside opec+, Guyana trades against Brent and WTI. That is the pricing reference the sections below work from — the headline Brent number quoted at the top of this page is the global marker, not necessarily the price Guyana settles at.

Guyana produces at scale outside the OPEC+ framework, so its output responds to price and drilling economics rather than to a negotiated quota. That makes it a swing factor the cartel has to plan around: when Brent rises far enough to make new projects work here, the supply response arrives with a lag and caps the rally.

South American grades are sold as differentials to whichever marker fits the destination — Brent for Europe and Asia, WTI for the US Gulf — so both benchmarks matter to the realised export price.

Guyana has only limited refining capacity relative to demand, so it exports crude and re-imports refined product. That combination is unforgiving: the country sells at a benchmark-linked crude price and buys back at a product price that includes someone else's refining margin and the freight both ways.

Crude is invoiced in US dollars worldwide. Where local prices are quoted in dollars or in a dollar-pegged currency, that removes one layer of volatility: buyers in Guyana face the crude move on its own, without an exchange-rate move stacked on top of it.