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

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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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

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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Physics has been challenged: researchers have discovered something that moves faster than the speed of light, but the phenomenon does not break relativity because it involves dark patterns within optical vortices.

Europe is “frying” with records: United Kingdom records 35°C, France reaches 35°C, and Spain and Portugal face heat close to 40°C in May as a heatwave advances across the continent.

On the other side of the planet, a Brazilian doctor operates on a patient in Porto Alegre while being in China, almost 19,000 km away, using a surgical robot that responds in 200 milliseconds in a procedure that seems like science fiction.

China outpaces Elon Musk with Unitree humanoid robot available on AliExpress for $6,800, with free shipping and international delivery, turning billionaire technology into something anyone can buy online.