Guyana's oil exports rose 54% last year to some 582,000 barrels per day (bpd), fueled by European refiners' demand for easy-to-process sweet crudes to replace some Middle Eastern grades. Guyana's lighter and sweeter crude grades have carved out a rising share in Europe, where most refineries are not as complex as the majority of Latin American and U.S. Gulf Coast plants. In 2024, 66% of Guyana's crude exports or some 388,000 bpd went to Europe, compared with 62% the previous year. Attacks in the Red Sea affected oil flows from the Middle East, giving crudes from Guyana and Brazil better chances of finding buyers in Europe.