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Russian Diesel Flows to Brazil Increase After EU Ban

OIL PRODUCTS

Russia has increased its diesel exports to Brazil and other parts of Latin America following the EU import ban Feb 5 according to Refinitiv data.

  • In total, diesel supplies from Russia-controlled ports to Brazil totalled 663,000 tonnes in January-March, 2023 versus 74,000 tonnes for the whole 2022, according to Refinitiv data.
  • Russia also sent more than 580,000 tonnes to Latin and South America in March.
  • Asia, Africa, the Middle East have emerged as other oil product export locations post Feb 5 for Russian oil product exports.

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