Brazil’s Crude Oil Exports Hit Record High In January

Oil

Brazil’s crude exports in January increased by 695K b/d m-o-m and 388K b/d y-o-y to a record-high of 1.3M b/d, according to data from Brazil’s Ministry of Industry, Foreign Trade and Services. In the same month, Brazil’s naphtha imports increased by 137K b/d m-o-m and 256K b/d y-o-y to a 6-month high of 262K b/d.