Despite a new export tax, Brazilian oil exports have jumped to a monthly record-high this month, Reuters reported on Friday, quoting government data and industry experts. Brazil’s oil exports soared by 75.4% year over year between March 1 and 24, per data from foreign trade agency Secex, as oil producers did not have time to relocate oil cargoes after a surprise export tax was announced in early March.
The Brazilian government announced at the start of this month that it would collect taxes on crude oil exports for four months in a bid to…U.S. Unveils Supply Chain Requirements For EV Tax Credits
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