After the United States refused to accept Russian diesel, Brazil has become a new target for Russian exporters
2026-11-12 06:04:27
According to CoinMeta, and as reported by foreign media, Brazil, being the world's second-largest importer of diesel, relies on overseas supplies for about one-third of its demand. Currently, it is receiving quotes for Russian diesel. At least four shipments, totaling around 1.1 million barrels of Russian diesel, are seeking to enter the Brazilian market this month. If all transactions are completed, the import volume will be nearly twice Brazil's diesel imports from Russia in October. However, Brazilian traders believe that the price of Russian diesel is less attractive compared to American sources. Previously, some Russian diesel that was originally planned to be shipped to the United States had to find other buyers due to opposition from New Jersey state authorities to receive it.
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Source:Jin10 Data
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