Brazil’s crude oil exports are said to have been on a tear lately with the country recording record output in the first two months of 2017.
“This increase in activity has also benefited the tanker industry as more tankers are employed to move Brazilian crude over longer distances,” says Poten & Partners.
Brazilian seaborne crude oil exports have increased 34% year-on-year to over 1m barrels-per-day (bpd) in the first quarter, according to the US shipbroker.
