Rise in US energy independence adds to strain on Latin American exporters
April 17th 2019 (5.45mins)
In this episode of Moody’s Talks, Managing Director Atsi Sheth and Senior Vice President Gersan Zurita of the Credit Strategy & Research team discuss how the US energy trade balance with Latin America is shifting from deficit toward surplus, a trend that has credit implications for energy producers in both regions.
Energy trade shift supports US economy but is negative for some Latin American exporters
The US will import less oil from Latin America in the next three to five years and export more refined petroleum products and natural gas to the region. Rising US energy independence stems from increased output and greater efficiency in energy utilization.