Key Market Indicators
Guatemalan crude oil production is set to reach 335,000 tonnes of oil equivalent by 2026, down from 422,000 in 2021. This marks a 4.1% decrease on average year-on-year. Since 1981, Guatemalan supply has dropped 3.2% year-on-year. In 2021, Guatemala ranked 68th, with Myanmar ahead at 422,000 tonnes of oil equivalent. Saudi Arabia, the United States and Iraq came in second, third and fourth respectively.
