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Non-Tech : The Brazil Board

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From: elmatador1/27/2021 11:23:12 AM
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By September 2020 Brazil had overtaken Iraq to become the third-largest supplier of crude oil to the world’s second-largest economy. That can be attributed to the attractiveness of Brazil’s sweet medium crude oils, notably the Lula and Búzios grades, produced from Latin America’s largest oil producer’s pre-salt oilfields
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Soaring demand from Asian refiners for sweet crude oil grades is a key driver of Brazil’s expanding pre-salt oil boom as well as its continued resistance to the severe economic fallout triggered by the pandemic and sharply weaker energy prices.


https://oilprice.com/Energy/Crude-Oil/China-Is-Fueling-South-Americas-Oil-Boom.html?utm_source=tw&utm_medium=tw_repost
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