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Russia Biggest Diesel Supplier to Brazil in May

OIL PRODUCTS

Russia has muscled into the Brazilian diesel market after Feb 5 sanctions banned flows into Europe.

  • Russia is now the main supplier of diesel into Brazil according to Vortexa (see chart) – the bulk of volumes used to arrive from the US Gulf.
  • Prior to Feb/March of this year – diesel imports from Russia into Brazil were almost non-existent.
  • The US is responding by sending surging volumes to Europe to replace lost Russian barrels.

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