US EditionPetrobras May Redirect Oil to Asia Due to US Tariff on Brazil, CEO Says - Energy News, Top Headlines, Commentaries, Features & Events
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Kazakhstan's CPC Blend Oil Shifts Focus to Asia Amid Declining European Demand
Kazakhstan’s CPC Blend crude oil is increasingly shifting its focus toward Asian markets as demand from Europe softens, industry sources told Reuters. Traditionally a key supplier to European refiners, Kazakhstan is adapting to changing global trade dynamics by redirecting exports eastward. This strategic realignment comes amid evolving energy consumption patterns and geopolitical factors influencing the flow of crude oil worldwide. Kazakhstan C…
Petrobras is considering redirecting its oil exports from the United States to Asian markets in response to new tariffs imposed by the US government. The state-owned company's CEO, Magda Chambriard, confirmed the information to Reuters on Thursday (July 17, 2025). The measure is a reaction to the 50% surcharge announced by US President Donald Trump (Republican Party), which is scheduled to take effect on August 1. Registration form Free alerts …
Petrobras May Redirect Oil to Asia Due to US Tariff on Brazil, CEO Says - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday. Although oil and gas exports make up a hefty share of Brazil’s exports to the ...
Although oil and gas exports represent a substantial share of Brazil's exports to the US, the CEO claims that this is not an essential market for the company.
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