Analysis: Brazil’s lower-sulphur fuel oil outsells LatAm peers in Asia – Reuters

oil brazil fuel sulphur
Gulf
  • Date: 02-Jul-2021
  • Source: Reuters
  • Sector: Oil & Gas
  • Country: Gulf
  • Who else needs to know?

Analysis: Brazil’s lower-sulphur fuel oil outsells LatAm peers in Asia – Reuters

RIO DE JANEIRO/MEXICO CITY/SINGAPORE, July 1 (Reuters) - Brazil is growing its marine fuel oil exports to Asia's lucrative premium hubs, where rules mandating lower sulphur content have been squeezing out most of its Latin American peers, according to sources and data.

Fuel oil exports are the second largest source of energy revenue for most Latin American oil producers. The tougher emissions rules prompted Singapore, the world's top marine refuel trading spot, cut fuel oil imports from Latin America this year to 94,000 barrels per day (bpd) from 167,000 bpd in 2016, data from trade agency Enterprise Singapore showed.

Check the history on the topic
Vote to feature