Latin America Could Double Its Onshore Wind Capacity by 2035

Several countries across Latin America have been rapidly expanding their wind energy capacity to diversify the energy mix and strengthen energy security, with far more expansion planned for the next decade. Brazil and Mexico are leading the way, with several other countries across the region also beginning to develop their green energy sectors. Across Latin America, installed wind energy capacity exceeded 44.7 GW in 2022. A Wood Mackenzie report from July 2025 forecast that wind capacity in South America would reach 83 GW by 2034, with a…

Market Context

Global crude oil markets remain sensitive to a combination of macroeconomic signals, OPEC+ production policy, and geopolitical developments across key producing regions. Brent crude and WTI serve as the primary price benchmarks, with spread movements reflecting regional supply-demand imbalances and refinery demand shifts.

Energy traders and analysts closely monitor inventory data from the U.S. Energy Information Administration (EIA), which releases weekly petroleum status reports that frequently move markets. Rising inventories typically signal demand weakness or oversupply, while draws support price recovery.

What to Watch

Analysts and traders will be watching upcoming EIA inventory reports, OPEC+ output decisions, and macroeconomic indicators — particularly U.S. Federal Reserve policy signals and China demand data — for directional cues on crude prices in the near term.