Market Talks: Brazil Boosts Crude Exports to Europe

Brazilian crude oil is finding more buyers in Europe and fewer in China. A tax benefit linked to the Mercosur-European Union trade agreement is one factor driving this movement, but other forces are also at play, including relative crude oil values, freight savings, and new purchasing patterns across Asia. Join Camila Fontana, Deputy Bureau Chief of the Argus office in São Paulo, and João Scheller, who handles South American crude oil pricing , to learn what is behind this shift, who is benefiting from it, and whether the trend is likely to continue,.

Topics covered in this episode include:

• Rising exports to Europe and decline in purchases by China
• Tax incentives and impact on margins
• Integrated oil companies and the European refining sector
• Trends in Brazilian crude oil