Russian Diesel Maintains Trend in Brazil Even After Petrobras Price Adjustment, Says S&P

Written by Paulo Nogueira

Published on 12/12/2023 at 11:19

Complexo Industrial Portuário de Suape, em Pernambuco (Foto: Divulgação) – Todos os direitos: EPBR

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Brazilian Diesel Price Approaches That of Gulf of Mexico, But Is Still Higher Than Russian. Energy Purchase From Venezuela and Electric Vehicle Charging Network.

The Russian diesel has stood out as one of the main fuel import options for Brazil, showing increasing demand in recent years. According to S&P Global, the expectation is that imports of Russian diesel will maintain its strength in the Brazilian market, even in light of the adjustments recently announced by Petrobras.

With the growing demand for imported fuel from Russia, the presence of diseel from Russia in the national market remains prominent, indicating a trend of growth for the coming years. The favorable scenario for Russian diesel in Brazil reflects a landscape of opportunities and challenges for companies in the sector, which need to adapt to the reality of the international market to remain competitive.

Import of Russian Diesel

According to the consultancy, the country imported 12.6 million barrels of diesel in November, of which 9.24 million barrels, equivalent to 73%, were from Russia.

ARTICLE CONTINUES BELOW

Contract Closed for January Delivery

In the first week of December, 2.64 million barrels of diesel were imported, of which 1.92 million barrels were from the Russian market — there are already contracts closed for January delivery.

Ships Are Waiting

According to S&P Global, traders are bringing loads without defined clients and the ships are waiting for up to a week for buyers at ports, mainly Itaqui (MA) and Suape (PE).

Petrobras reduced the price of diesel by 6.6% for distributors last Friday (12/8). As a result, it virtually eliminated the gap that existed in relation to the international market.

Import Price of Energy From Venezuela

The import price of energy from Venezuela by Âmbar (J&F) far exceeds historical levels. According to Folha, dispatches can reach R$ 1,080 per MWh. The Ministry of Mines and Energy justifies that this cost is lower than standalone generation to serve Roraima.

Âmbar claims there will be a reduction of R$ 1 billion in expenses compared to the diesel thermal plants currently in operation.

Stable Oil

The price of oil closed near stability this Monday (12/11), with fears of a Chinese slowdown counterbalancing optimistic prospects for American and European demand.

Global Stocktake (GST)

The ‘phasing out of fossil fuels’ was removed from the draft of the Global Stocktake (GST) – the most anticipated document of the UN Climate Conference (COP28). The conference ends this Tuesday (12/12) and there has not yet been a consensus on the terms of the document.

The text released in Dubai on Monday (12/11) urges countries to ‘reduce both the consumption and production of fossil fuels, in a fair, orderly, and equitable manner’.
The language was criticized by Minister Marina Silva and, if approved, will be a victory for OPEC and its allies.
And a defeat for a coalition of over 80 countries, including the United States and members of the European Union, which is pushing for an agreement that addresses the phasing out of fossil fuels.

Purchase of Electric Vehicle Charging Network

Raízen Power bought the entire electric vehicle charging network from the startup Tupinambá, with 204 alternating current (AC) chargers — and potential to expand to more than 600 additional points ranging from 7.4 to 22 kW of power.

Source: EPBR

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Russian Diesel Maintains Trend in Brazil Even After Petrobras Price Adjustment, Says S&P

Brazilian Diesel Price Approaches That of Gulf of Mexico, But Is Still Higher Than Russian. Energy Purchase From Venezuela and Electric Vehicle Charging Network.

Import of Russian Diesel

Contract Closed for January Delivery

Ships Are Waiting

Import Price of Energy From Venezuela

Stable Oil

Global Stocktake (GST)

Purchase of Electric Vehicle Charging Network

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USP technology was used by NASA in Artemis II.

Russian Diesel Maintains Trend in Brazil Even After Petrobras Price Adjustment, Says S&P

Brazilian Diesel Price Approaches That of Gulf of Mexico, But Is Still Higher Than Russian. Energy Purchase From Venezuela and Electric Vehicle Charging Network.

Import of Russian Diesel

Contract Closed for January Delivery

Ships Are Waiting

Import Price of Energy From Venezuela

Stable Oil

Global Stocktake (GST)

Purchase of Electric Vehicle Charging Network

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Petrobras buys 75% of Oranto and becomes the operator of block 3 in São Tomé and Príncipe, resuming its strategy in Africa to diversify its portfolio and replenish oil and gas reserves.

China inaugurates a new era by signing a $5.1 billion project to expand one of the largest gas fields on the planet, adding 10 billion m³ per year and reinforcing an energy mechanism that already moves 30 billion m³ annually towards its market.

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The SUS waiting list for surgeries has more people than the entire population of six countries.

Brazilians spend more hours in traffic each year than on vacation.

São Paulo and the Atacama are at the same latitude: what separates a metropolis of 22 million people from a desert is a forest 3,000 km away.

USP technology was used by NASA in Artemis II.