Oil exports from Brazil rise 40% in early May

Oil exports from Brazil reached around 308 thousand tons a day in the first week of May, an increase of 40.4% in comparison with the result of the same month of last year. As a result, Brazil has already exported 1.5 million tonnes in the first five business days of the month, versus 4.8 million in the entire month of May 2019. Shipments from the country remain strong with Petrobras counting on firm demand from China.

Source: Money Times