Peru’s oil market is facing a significant deficit, with the country producing only 40,000 barrels daily against a demand of 250,000 barrels. This shortfall of 210,000 barrels per day is currently being offset by imports. Recent production figures indicate a decline, with national output at approximately 36,900 barrels per day as of July 2026, down from previous months. This reliance on imports underscores Peru’s vulnerability to global oil market fluctuations and may contribute to upward pressure on oil prices.
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