Brazil’s Oil Boom
January 26, 2024
Continued growth in Brazilian exports support tanker markets
In recent years, whenever oil and tanker analysts talk about the growth in non-OPEC production, they always mention a small number of countries. The usual suspects are the U.S., Guyana, Canada and last, but not least Brazil.
In this week’s Tanker Opinion, we’ll discuss the growth in production and exports from Brazil in recent years and the outlook for future expansion as well as the implications for the tanker market.
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