Markets

The South American energy landscape in mid-Oct. 2025 is defined by two major, and often contradictory, trends: the continued, aggressive expansion of ultra-deepwater oil production in Brazil and Guyana, and a critical political shift in Colombia away from an anti-fossil fuel policy.

The North African energy sector is witnessing a significant resurgence, securing over $11.4 B in new investment and exploration deals across Algeria and Egypt in mid-Oct. 2025.

OPEC+ has decided to continue its measured approach to unwinding production cuts, which the influential BMI analyst group expects to be highly responsive to oil price shifts.

The global oil market is defined by an imminent oversupply crisis that is exerting significant pressure on producers.

The OPEC+ alliance is preparing for a crucial Oct. 5 meeting to determine Nov. output levels, continuing its strategy to gradually return production to the market and reclaim global market share.

In a definitive strategic shift back to fossil fuels, European energy majors bp and Repsol are aggressively expanding their oil and gas footprint in the US Gulf of Mexico (GOM).

Latin America's oil sector is undergoing a dramatic realignment, with Brazil and Argentina rapidly increasing production and investment, while Mexico's state-dominated output continues its decline.

The African energy landscape is being reshaped as International Oil Companies (IOCs) divest from legacy onshore assets and refocus capital on deepwater exploration and integrated gas projects.

The OPEC+ group's actual increase in oil output is significantly trailing the headline figures agreed upon to unwind voluntary cuts.

According to the Baker Hughes rotary rig count released on Sep. 19, North America added six rigs week-on-week, marking the third consecutive weekly increase, bringing the total count to 731 (542 in the US and 189 in Canada).