Brazil crude exports slide in September

Oil

Brazilian crude exports fell 254 K b/d m-o-m to 1.3 M b/d in September, according to data released by Brazil’s trade ministry. However, on a y-o-y basis crude exports rose by 121 K b/d. Across the first nine months of 2021, crude exports averaged 1.4 M b/d down 59 K b/d y-o-y. Meanwhile, crude imports rose by 48 K b/d m-o-m to 154 K b/d in September.