Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July, as more crude is being used by domestic refineries, especially in Brazil, energy analytics firm Vortexa said in an analysis on Tuesday. During the first half of August, crude and condensate exports of the Latin American oil producers fell to an average of 3.
1 million barrels per day (bpd), sharply down from 3.8 million bpd seen in July, Rohit Rathod, Senior Oil Market Analyst at Vortexa, writes. …Latin America’s Crude Exports Drop In August
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