Petrobras bate recorde de exportação em fevereiro

Petrobras Sets Export Record in February

Written by Roberta Souza

Published on 04/03/2020 at 15:29

petróleo, exportação, óleo combustível, petrobras

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In The Last Month, Petrobras Hit A Record High For Fuel Oil Exports, Valued At 238 Thousand Barrels Per Day

Petrobras, Brazilian Petroleum Company, set a record in February for fuel oil exports, reaching 238 thousand barrels per day and surpassing 1 million tons for the month. Multinational Oil And Gas Company, Shell, Announced That It Is Looking For An Engineer For Rio de Janeiro

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The company has capitalized on the good opportunity that came with the new global specification for marine fuels called IMO 2020 (where the sulfur content in fuel oil was reduced from 3.5% to 0.5%), as the company is a reference in the production of oil and fuel oil with low sulfur content.

Not only are fuel oil exports at elevated levels, but also crude oil exports. In February, commodity exports exceeded 690 thousand barrels per day.

Despite global conditions not being very favorable for the oil market and also exports, due to the coronavirus outbreak (Covid-19), Petrobras highlighted that new flows have been adjusted, expanding the destination of its oil and fuel oils to the United States, Europe, Caribbean, among other markets.

The current period is sensitive to major changes and to the global economy, which causes the demand for oil and derivatives from Asia to decrease (the main destination for the company’s exports).

It is also important to emphasize that it is not possible to accurately estimate all the impacts that the company may suffer regarding its operations and results, as the developments of the virus incidence in various regions of the world affect the global economy.

Petrobras Sets Export Record in February

In The Last Month, Petrobras Hit A Record High For Fuel Oil Exports, Valued At 238 Thousand Barrels Per Day

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Petrobras Sets Export Record in February

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