Incumbent President David Granger reviews an honour guard at trade talks in Brazil
Spotlight on Guyana’s impending oil wealth
As ExxonMobil ramps up production from the Liza project, election buzz has caused murmurings that contracts should be renegotiated
Guyana will head to the polls in March for an election expected to determine whether the fledgling oil producer will renegotiate its share of offshore oil revenues, and, importantly, how best to employ its newly found prosperity. The election is the first in Guyana since 2015 and pits incumbent president , who leads the APNU-AFC coalition (A Partnership for National Unity / Alliance for Change), against Irfaan Ali of the PPP (People’s Progressive Party). Since the last election, a string of discoveries in Guyana’s waters have transformed the financial prospects of the small Latin American nation. In January, ExxonMobil added another discovery to its catalogue of finds in the Stabroek block
Also in this section
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
