Brazilian oil sales to China and India drop significantly as Russia moves in

Thursday, July 28th 2022 - 09:23 UTC

Full article 2 comments

Brazil oil sales to India and China in the first half of 2022 have fallen considerably, amid the Ukraine war and a significant increase in crude exports from Russia to the two Asian countries.
According to data from Brazil’s Foreign Trade Secretariat (Secex), in the first half of the year, Brazil exported 36% less oil to China than in the same period last year. Likewise exports to India fell 53.8%. Read full article

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Brasileiro
Really. But, there was no lack of customers for our oil. On the contrary. The demand for our oil has gone far beyond what we can offer.

Dollar. That's what we got. That is, at any time we can lose money.
Jul 28th, 2022 - 03:20 pm - Link - Report abuse 0
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Pugol-H
Nah not true, export volumes are down although revenues are up due to increased prices, so overall a win for Brazil.

Which it will need to offset the record increase in fertilizer prices.

https://www.bnamericas.com/en/news/brazils-crude-exports-drop-but-revenues-still-rise
Jul 29th, 2022 - 12:04 pm - Link - Report abuse 0
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