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Brazil's oil exports fell year-on-year

 Last Update: 2021-12-04
 Source: Internet
 Author: User

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Recently, the Brazilian foreign trade statistics system Comex Stat released the latest data showing that after setting a record high for 7 consecutive years, Brazil's oil exports began to decline this year, with a year-on-year decline of 4.
5% in the first 9 months
.

As a major oil producer in Brazil, Petrobras (Petrobras) accounts for 71.
8% of the national output
.

Unlike other large multinational oil companies in Brazil, the oil produced by Brazil's oil is mainly sold to the domestic market, leading to a decline in Brazil's oil exports this year

Last year, global demand shrank sharply, and Brazil is no exception
.

Due to the low output of local refineries and the low sulfur content of Brazil's underlayer crude oil is welcomed by the international market, Brazil's oil exports the remaining crude oil in the domestic market of the refinery park to foreign countries

In addition, the decline in China's demand for Brazilian oil has also become an important external factor
.

Comex Stat data shows that China’s current economic growth is showing a slowdown.

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