


| Is Brazil’s Oil Boom In Danger? As the world scrambles to reduce carbon emissions, the demand for lighter, sweeter, low sulfur oil could begin to decline, which is bad news for Brazil |
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Brazil’s massive offshore oil boom, notably in the deepwater offshore pre-salt oilfields, is continuing to grow despite weaker oil prices and the sharp impact of the COVID-19 pandemic. Strong demand from Asian refiners, especially those in China, for lighter sweeter crude oils saw demand for Brazilian crude oil soar since the end of 2019.
Posted: 2020-11-30 21:06:00
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