S'abonner

The United States Outpaces Russia in Diesel Deliveries to Brazil This Week

For the week ending December 8, the United States is expected to become Brazil’s leading diesel supplier, delivering 6% more than Russia, according to preliminary data from S&P Global.

Share:

Diesel deliveries to Brazil for the week ending December 8 indicate a dominance of the United States over Russia, according to forecasts from S&P Global Commodities at Sea (CAS). Brazilian ports are expected to receive approximately 3.8 million barrels of gasoil and diesel, a 24% decrease compared to the previous week.

The United States is projected to deliver 1.9 million barrels, surpassing Russia’s 1.8 million barrels by 102,738 barrels. These deliveries represent a notable 6% increase for the United States over Russia. However, the overall volumes of gasoil and diesel have declined compared to the 5 million barrels scheduled for the previous week.

Major Ports and Expected Volumes

Among Brazilian ports, Paranaguá, located in Paraná State in the southern region, is set to receive the highest diesel volume, with approximately 1 million barrels expected. Santos, in São Paulo State, follows as the second major port, with 928,539 barrels scheduled for delivery. These two ports play key roles in the distribution of imported fuels within the country.

Impact on Importers and Prices

Despite these import flows, the economic context remains challenging for Brazilian distributors. According to a report by the Association of Brazilian Fuel Importers (Abicom) released on November 22, domestic diesel prices were, on average, 5% lower than import parity levels. This situation complicates conditions for medium- and small-sized distributors, reducing their interest in further imports.

Moreover, the premium for diesel originating from the United States compared to other origins in southern Brazil remained at 4.75 cents per gallon as of November 28, according to Platts, part of S&P Global Commodity Insights. This figure is higher than the premium observed a week earlier, which stood at 3 cents per gallon.

Future Trends and Uncertainties

Despite the increase in U.S. deliveries this week, the overall decline in imported diesel volumes raises questions about the sustainability of these flows. Price fluctuations and the dynamics of the Brazilian domestic market will be critical factors in the weeks ahead, particularly for smaller distributors.

  • Populaires ​
TNB, Petronas and Terengganu Inc launch green hydrogen hub and hybrid solar in Malaysia
Occidental Petroleum reduces production in the Gulf of Mexico in the second quarter
Azule Energy announces major offshore gas discovery in the Angolan Congo Basin
Falcon Oil & Gas sets initial production record at Beetaloo site in Australia
SPIE wins new strategic contract for the 315 MW Windanker offshore wind farm
The oil and gas fishing market targets USD4.36bn by 2031, driven by offshore drilling
The expansion of the global oil and gas fishing market is accelerating on the back of offshore projects, with annual growth estimated at 5.7% according to The Insight Partners.
Schlumberger divests assets to secure approval from Canada’s Competition Bureau
The Competition Bureau has required Schlumberger to divest major assets to finalise the acquisition of ChampionX, thereby reducing the risks of market concentration in Canada’s oilfield services sector. —
Saturn Oil & Gas buys back over 1.6 million shares for C$3.46mn in Canada
Saturn Oil & Gas Inc. confirms the acquisition of 1,608,182 common shares for a total amount of USD3.46mn, as part of its public buyback offer in Canada, resulting in a reduction of its free float.
OPEC Cuts Forecasts but Anticipates Rising Oil Demand
OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
European Union struggles to agree on new Russian oil price cap
Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.
Drone attacks disrupt five oil fields in Iraqi Kurdistan within one week
Three new oil fields in Iraqi Kurdistan have been targeted by explosive drones, bringing the number of affected sites in this strategic region to five in one week, according to local authorities.
ShaMaran suspends production after explosion at HKN-operated site
An explosion at 07:00 at an HKN Energy facility forced ShaMaran Petroleum to shut the Sarsang field while an inquiry determines damage and the impact on regional exports.
Tamarack Valley refinances USD 237 mn in bond debt and extends its maturities
The Canadian producer issues USD 237 mn in senior notes at 6.875 % to repay bank debt, repurchase USD 73 mn of 2027 notes and push most of its maturity schedule to 2030.
BP raises second-quarter production forecast driven by US shale growth
BP revised upwards its production forecast for the second quarter of 2025, citing stronger-than-expected results from its US shale unit. However, lower oil prices and refinery maintenance shutdowns weighed on overall results.
Serbia seeks new US sanctions waiver for NIS amid geopolitical tensions with Russia
Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.
European Union finalises agreement to lower Russian oil price cap
European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.
Backbone Infrastructure Nigeria Limited launches $15bn refinery project in Nigeria
Backbone Infrastructure Nigeria Limited is investing $15bn to develop a 500,000-barrel-per-day oil refinery in Ondo State, a major project aimed at boosting Nigeria’s refining capacity.
South African state exposes public finances to uncertain Sapref refinery buyout
The Central Energy Fund’s takeover of the Sapref refinery introduces major financial risks for South Africa, with the facility still offline and no clear restart strategy released so far.
PetroTal increases production by 15% in Q2 2025 and strengthens liquidity
PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.
Bomb attack halts operations on Colombia’s Caño Limón-Coveñas oil pipeline
An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.
Trump’s New Measures Open Oil Access, Real Impact Remains Uncertain
U.S. legislation eases access to federal lands for oil production, but fluctuations in crude prices may limit concrete impacts on investment and medium-term production, according to industry experts.
Permex Petroleum raises US$2mn through convertible debentures to support operations
Permex Petroleum Corporation has completed a US$2mn fundraising by issuing convertible debentures, aimed at strengthening its cash position, without using intermediaries, and targeting a single institutional investor.
PDVSA oil sales abroad reach $17.5bn in 2024 despite sanctions
Petróleos de Venezuela S.A. (PDVSA) recorded $17.52bn in export sales in 2024, benefiting from increased volumes due to U.S. licences granted to foreign partners, according to an internal document seen by Reuters.
Chevron triggers supply crisis after zinc contamination found in Mars crude oil
The detection of zinc in Mars crude extracted off the coast of Louisiana forced the US government to draw on its strategic reserves to support Gulf Coast refineries.
Tatneft Accelerates TANECO’s Transformation with a New Hydrocracking Unit
Commissioning of a 1.2-million-ton hydrocracking unit at the TANECO site confirms the industrial expansion of the complex and its ability to diversify refined fuel production.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING