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Brazil Ships Supertanker of Heavy Crude to Europe for First Time

OIL

Brazil shipped a full Supertanker of heavy crude to Europe for the first time since Bloomberg began tracking the flows in 2013.

  • The VLCC Xin Dan Yang is now discharging in Rotterdam. It was carrying 950k bbl of Albacora Leste, 700k bbl of Frade, and 300k bbl of Bravo. These grades are produced offshore.
  • Brazil generally ships its heavy grades to Europe in smaller Aframaxes and Suezmaxes, or sends them in supertankers also loaded with medium grades.

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