Browsing: Guyana oil production

As the 2026 Atlantic hurricane season intensifies, Caribbean property markets face spiralling insurance premiums, constrained housing supply and record tourism momentum. A comprehensive monthly analysis for investors, developers and homeowners across the region.

The Caribbean faces peak hurricane season while Guyana oil production nears 600,000 bpd and a landmark US$280 million CARICOM renewable energy facility accelerates the regional clean energy transition.

Caribbean records its strongest midyear economic performance in a generation with 4.2% regional growth, June tourism records, Guyana oil at 590,000 bpd, and short-term rental revenues up 28% year-on-year.

The Caribbean closes 2024 with resilience: Hurricane Beryl struck in July, tourism set records, Guyana’s oil output hit 620k bpd, and Jamaica’s fiscal discipline delivered a seventh straight surplus.

Four months after Hurricane Beryl, Caribbean recovery exceeds expectations: Jamaica tourism at 98% of prior year, Grenada rebuilding with CDB aid, and Guyana’s oil output surpasses 600,000 bpd.

Caribbean investors navigate peak hurricane season post-Beryl while Guyana’s ExxonMobil commits US$4.6B capex, Jamaica property values hold, and the Dominican Republic breaks tourism records.

Our Year-End 2023 Six-Month Special Edition covers 4 July to 3 January 2024 — six months defined by a relatively quiet hurricane season, US interest rates held at 22-year highs of 5.25–5.5%, continued Caribbean tourism records, Guyana oil approaching 400,000 bpd, the Dominican Republic luxury boom, and a 2024 outlook shaped by anticipated rate relief.

Caribbean tourism surpassed 2019 pre-pandemic records in 2023 as Guyana’s oil production reached 400,000 bpd. As 2024 begins, the region’s property markets balance strong tourism-driven demand against high interest rate headwinds.

Guyana’s oil output surpasses 350,000 barrels per day as Barbados champions the Bridgetown Initiative for climate finance and the Caribbean Development Bank approves US$120 million in green energy financing for six member countries.

Our Mid-Year 2023 Six-Month Special Edition covers 4 January to 3 July 2023 — six months in which Caribbean tourism continued its record-breaking post-COVID surge, the Federal Reserve pressed on with rate hikes as inflation gradually moderated, Guyana’s oil output approached 300,000 bpd, and the short-term rental revolution reshaped property investment strategies across the region.

Guyana’s oil production crosses 300,000 barrels per day as Caribbean summer tourism outperforms expectations, Airbnb listings grow 20 percent year-on-year and Georgetown property prices surge 35 percent as the oil economy transforms the country.

Our Year-End 2022 Six-Month Special Edition covers 4 July to 3 January 2023 — six months in which the Caribbean posted its best tourism year since 2019, global interest rates rose sharply with severe affordability implications, Hurricane Ian devastated southwest Florida with knock-on effects for Caribbean insurance markets, and Guyana’s oil production continued its dramatic expansion.

A comprehensive review of 2022’s defining events for Caribbean property and investment: the Russia-Ukraine inflation shock, Hurricane Fiona, tourism’s dramatic recovery and Guyana’s oil boom, with a 2023 outlook.

A comprehensive review of the Caribbean property and investment landscape in 2021 — tourism recovery, Barbados republic, Guyana oil revenues — and an outlook for 2022 as Omicron clouds the horizon.

October 2021 marked a turning point for Caribbean tourism reopening, with Jamaica, Barbados and the DR leading a broad property market revival driven by diaspora and digital nomad demand.