Peru Oil Output Drops 6.9% YoY in September; Gas Down 10%

Peru's oil production fell 6.9% year-on-year in September to 39,440 bpd, despite a monthly uptick, while natural gas output declined 10% YoY. The decline signals continued structural underperformance in Peru's hydrocarbon sector, likely due to maturing fields and limited investment. This matters for regional energy supply and Peru's fiscal revenues, though the absolute volumes are small globally.