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Non-Tech : The Brazil Board
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From: elmatador9/13/2019 11:18:45 AM
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pak73

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With Saudi Arabia and other OPEC members having extended production cuts, the US will heavily rely on exporters across the Americas, to replace volumes previously imported from Venezuela. The future looks very promising for Brazil.

The region has become much more important for the shipping industry as well, with more VLCC owners targeting the market by repositioning ballasters to Brazil, as interest in Asian crude importers in Latin American grades, such as Brazil's Buzios and Lula remains high. This will last as long as flows from Iran remain close to zero.
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