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

Written by Paulo Nogueira

Published on 06/05/2019 at 20:21

Be the first to react!

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.

ARTICLE CONTINUES BELOW

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

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

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.

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.

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.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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.

Brazil went to China to seek money and technology to reinvent TV and bring the internet to places where fiber does not reach. The mission negotiated with the BRICS Bank led by Dilma and paved the way for a Chinese rival of Starlink to connect the Amazon.

About 150 workers are driving, one by one, 4,585 BYD electric cars off a 220-meter ship at the Port of Itajaí. The 48-hour mega-operation is the largest shipment from the Chinese automaker in Santa Catarina this year.

Iceland is going to lower a drill five kilometers to reach rock at 400 degrees and try to extract clean energy on a scale that a common well cannot achieve.

At the bottom of the South Pole ice, the IceCube observatory drilled more than a kilometer and a half of ice to hunt ghost particles and test whether gravity obeys the rules of quantum physics.

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

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

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.

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.

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.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

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.

Water hyacinth that blocks boats, oxygen, and channels gains a new function as a lightweight construction panel, creating a sustainable alternative, reducing waste, and offering efficient thermal insulation.

More than 230 Brazilian companies move production to Paraguay, pay a tax rate close to 12%, compared to about 80% in Brazil, and use Mercosur to sell back to the domestic market without import tax.

Dredged material from navigation channels restores life to Poplar Island, reconstructs 1,715 acres of land, expands open water zones, and creates a refuge for hundreds of migratory and local bird species.

About 500 kilos of green stones with juvenile algae are spread in the ocean to regenerate underwater forests, reduce costs, and accelerate the restoration of marine habitats.

Brazil went to China to seek money and technology to reinvent TV and bring the internet to places where fiber does not reach. The mission negotiated with the BRICS Bank led by Dilma and paved the way for a Chinese rival of Starlink to connect the Amazon.

About 150 workers are driving, one by one, 4,585 BYD electric cars off a 220-meter ship at the Port of Itajaí. The 48-hour mega-operation is the largest shipment from the Chinese automaker in Santa Catarina this year.

Iceland is going to lower a drill five kilometers to reach rock at 400 degrees and try to extract clean energy on a scale that a common well cannot achieve.

At the bottom of the South Pole ice, the IceCube observatory drilled more than a kilometer and a half of ice to hunt ghost particles and test whether gravity obeys the rules of quantum physics.