BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 6.Mar.2026, Words: 732) — Two very different oil stories are converging on the same symbolic number: 1.5 million barrels per day (MMb/d). Tiny Guyana, a new entrant to the global oil stage, and Venezuela, a founding OPEC member with the world’s largest oil reserves estimated at 303 billion barrels, are both moving — on paper — toward this 1.5 MMb/d over the short term.
But the pathways, players, and risks could hardly be more different.
