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Free AccessLatAm Crude/Condensate Exports Slipping in August
Latin American crude/condensates exports slow in August after highs in July – Vortexa
- Lower Brazilian exports are responsible for the majority of the decline.
- Latin American crude/condensates exports (excluding Venezuela) for the first half of August came in at 3.1mbd – a sharp decline from the multiyear high seen in July
- An overall slowing of Latin American exports in August can be attributed to more crude being diverted toward domestic refineries as distillate cracks remain strong, especially in Brazil.
- Brazilian exports in August are down sharply at 760kbd, from 1.2mbd in July.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.