Economy

Daily Brief — Friday, April 10, 2026

Good morning, Guyana. It is Friday. The money is flowing, the roads are still chaotic, and the government has a new plan involving a database. Sit down.

Q1 OIL REVENUES HIT $159 BILLION

The Natural Resource Fund collected more than G$159 billion in oil revenues during the first quarter of 2026, according to receipts published in the Official Gazette. The figures cover the period December 30, 2025 through March 31, 2026 and include profit oil payments from ExxonMobil’s Stabroek operations. Offshore crude production averaged approximately 918,000 barrels per day in February, with the Uaru development expected to push output past one million barrels by year end. President Ali described this as evidence that Guyana is becoming “a global model” for responsible resource management, which is exactly the kind of thing you say when $159 billion has just landed in your account.

Patriots Portfolio — April 10, 2026

Patriots Portfolio: your weekly look at Guyana’s economic landscape — what’s growing, what’s coming, and where the opportunities are for Guyanese building toward the future.

THE HEADLINE NUMBER THIS WEEK: US$761 MILLION

Guyana received US$761 million in oil revenue in Q1 2026. Annualised, that projects to approximately US$3 billion in oil receipts for the year — before accounting for the Uaru development coming online and pushing production toward one million barrels per day by year end. For context: Guyana’s entire GDP was around US$27 billion in 2025 and growing. The oil revenue is not the whole economy. But it is the engine that is funding everything else described in this column.

Ramesh Sees It Differently — April 10, 2026

Good morning. The numbers are in for the first quarter and they confirm, once again, what this administration has known all along: vision, discipline, and petroleum produce results.

THE $159 BILLION QUESTION

Let us be direct. When critics said this government could not manage oil revenues responsibly, we noted their doubts. When they said the Natural Resource Fund would become a political instrument, we noted their fears. G$159 billion in a single quarter. Deposited. Documented. Published in the Official Gazette for any citizen to read. This is not an accident. This is the consequence of a government that insisted on transparent governance of petroleum wealth when the easier path would have been to spend first and account later. The easier path was not taken. The results are visible.

The Bajan Bugle – April 8, 2026

Good morning from Barbados, where the World Bank has confirmed that this island is growing at 2.7 percent this year and will grow at 3.0 percent in 2027. This is not spectacular. It is also not minus one percent, which is what Jamaica is doing this year. We note the distinction without gloating. The distinction speaks for itself.

THE WORLD BANK REPORT

The World Bank’s latest Caribbean Economic Update projects 2.1 percent growth for the Latin America and Caribbean region, below the 2.4 percent of 2025. The report cites “high borrowing costs, weak external demand, and inflationary pressures from geopolitical uncertainty.” It is a thorough document and largely confirms what anyone with a utility bill already knew.

The Yard Report – April 8, 2026

Good morning from Kingston, where the World Bank has confirmed what everybody in this yard already knew: Jamaica’s economy went backward this year. Minus one percent. The Bank says we will grow 3.2 percent in 2027, which is the economic equivalent of telling someone who tripped on a kerb that they’ll probably walk fine next year.

Guyana is growing 23.5 percent in 2027, for context. Just leaving that there.

STUDENTS EXPOSED TO SEX IN SCHOOL SHELTERS

Weekly Progress Report — April 8, 2026

The Progress Report: tracking what is actually being built, spent, investigated, and quietly not explained. Every Wednesday.

THIS WEEK’S NUMBER: US$761 MILLION

Guyana received US$761 million in oil revenue in the first quarter of 2026. That is the figure from Kaieteur News, which runs slightly higher than the G$159 billion figure in the Official Gazette due to differing accounting periods and exchange rates. Either way: large. Arriving. Quarterly. The Natural Resource Fund is the mechanism through which these funds are managed. The Fund’s reports are public. Reading them is an option available to every Guyanese citizen and is recommended as a hobby.

Patriots Portfolio – Friday, April 3, 2026

The Patriots Portfolio — for Guyanese who care where the money goes and where it comes from. Every Friday.

THE WEEK IN GUYANA’S ECONOMIC PICTURE

The 38% Tariff: What It Actually Means

Let’s be precise. The Trump administration’s “reciprocal” tariff imposes 38% on Guyanese exports to the United States. The baseline for most Caribbean nations is 10%. Guyana’s higher rate is almost certainly driven by the US trade deficit with Guyana — which exists because the US buys significant volumes of Guyanese oil.

Daily Brief — Tuesday, March 31, 2026

Good morning. It’s March 31st, the last day of the first quarter of 2026, and Guyana is out here producing nearly a million barrels of oil per day while simultaneously underwater. We contain multitudes.

Here is what you need to know.

OIL KEEPS GOING UP — UNLIKE THE ROADS

Guyana produced an average of 918,000 barrels of oil per day in February, up slightly from 915,000 in January. Both figures represent a massive jump from the 2025 average of 716,000 bpd. The Yellowtail project alone is now pushing 264,000 bpd, and Exxon reportedly wants to increase its capacity to around 290,000 bpd.

Uncle Ramesh's Take — Tuesday, March 31, 2026

Uncle Ramesh is a proud PPP/C supporter who sees the government’s hand in every good thing that happens in Guyana and an opposition conspiracy in everything else. He does not do nuance. He does do passion.

Good morning, good morning, GOOD MORNING.

918,000 barrels of oil per day. You read that? 918,000. In FEBRUARY. Let me say it again for the people in the back who are still sulking: nine hundred and eighteen THOUSAND barrels. Every. Single. Day.

Patriots Portfolio — March 27, 2026: Streets, Ships, and Sovereignty

📊 PATRIOTS PORTFOLIO Tracking the Business of Guyana

Week of March 27, 2026

MARKET MOOD: COMPLICATED OPTIMISM

Global oil markets remain volatile against the backdrop of Middle East conflict. Guyana’s production — past 900,000 barrels per day — is insulated from the worst volatility by long-term offtake agreements, but the private sector is watching the Gulf situation closely. The Guyana Chronicle reports the local private sector is “closely tracking developments in the Middle East.” That is the polite way of saying everyone is nervous and nobody wants to say so publicly.

Patriots Portfolio — March 24, 2026: Oil, Courts, and the Business of Everything

📈 PATRIOTS PORTFOLIO
Tracking the Business of Guyana
Week of March 24, 2026

MARKET MOOD: CAUTIOUSLY OPTIMISTIC

Global oil prices are elevated due to Middle East instability, which is — depending on who you ask — either very good for Guyana or very complicated for Guyana. The answer, as usual, is both.

THIS WEEK’S MAIN MOVES

🛢️ EXXON: THE YELLOWTAIL PRODUCTION REQUEST

ExxonMobil has formally applied to the Government of Guyana to increase production at the Yellowtail FPSO from 263,000 barrels per day to 290,000 barrels per day. Application is currently under government review.

Patriots Portfolio — Week of March 19, 2026

The Patriots Portfolio: treating Guyana’s national developments as investment opportunities since we had nothing better to do. Not financial advice. Not any kind of advice, actually.

📈 BUY

Oil at US$100/barrel Guyana produces oil. Oil is at $100 a barrel. The math here is straightforward. Whether the math reaches your pocket is a separate and more complicated calculation, but the macro position is strong. We are bullish on the barrel. We are cautiously optimistic about the trickle-down. We remain watchful for the trickle. Confidence: High. Arrival timeline: TBD.

📊 Patriots Portfolio – Friday, February 13, 2026

Your weekly economic snapshot. Budget 2026 allocations rolling in. Oil production steady. Stabroek News closure signals media market shift.

Patriots Portfolio: Budget 2026 Deep Dive — Where Is the $1.588 Trillion Actually Going?

This week’s Patriots Portfolio breaks down the biggest budget stories: the $1.588 trillion allocation, tourism boom, gold sector resurrection, cash grants debate, and what it all means for ordinary Guyanese trying to build wealth in the fastest-growing economy in the world.

🦅 Patriots Portfolio - Friday, January 30, 2026

Investing in Guyana’s Future - For Patriots Who Want to Participate in the Boom 🇬🇾📈

📊 MARKET OVERVIEW

Welcome back, Patriots! Another week of economic developments in the fastest-growing economy in the Western Hemisphere!

🏦 GUYANA STOCK EXCHANGE UPDATE

Based on the latest GSE Session 1154 trading:

Analysis: Trading volume UP! More activity this session suggests continued investor interest despite global uncertainties.

Patriots Portfolio: This Week's Investment Opportunities for True Guyanese

Your weekly satirical investment advice from the most patriotic portfolio manager in Guyana.