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Brazil Set to Import Record Russian Diesel/Gasoil December

OIL PRODUCTS

Brazil is expected to receive record levels of diesel and gasoil from Russia this month – ahead of supply cut pledges in Q1.

  • ~10 million bbls of Russian diesel/gasoil are expected into Brazil this month – double Novembers volume according to Kpler figures.
  • Russia has become a major diesel supplier to Russia since February when a European import ban on Russian oil products was implemented.
  • This has the knock-on effect of muscling out US Gulf refiners from supplying Brazil.




Source: Bloomberg

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