To Meet Demand, U.S. Refineries Seek Oil From Brazil

Written by Paulo Nogueira

Published on 06/05/2019 at 20:21

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US Refineries Turn to Oil from Brazil, Iraq, and Africa to Meet Demand

After US sanctions restricted the supply of widely demanded product types, as they prepare for a peak demand period, US oil refineries have turned to various lesser-used suppliers. According to data from Refinitiv Eikon and market sources, aiding the supplies of heavy and “sour” oil, Brazil, Iraq, Nigeria, and Angola are expected to deliver their largest quantities of oil to the US this month in more than 18 months.

In total, May imports of oil from these countries are expected to be more than double the volume from April, amounting to approximately 1.23 million barrels per day (bpd). The shipments include 11 tankers carrying about 600,000 bpd of Iraqi oil, the highest level from the country in a year, data from Refinitiv showed.

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To Meet Demand, U.S. Refineries Seek Oil From Brazil

US Refineries Turn to Oil from Brazil, Iraq, and Africa to Meet Demand

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To Meet Demand, U.S. Refineries Seek Oil From Brazil

US Refineries Turn to Oil from Brazil, Iraq, and Africa to Meet Demand

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