Oil production and Chinese buying boost Brazil’s crude tanker exports 19%

Published: 14 February 2024

The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russia’s exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas’ share of exports. Brazil’s oil production increased by 12% year-on-year in 2023 while crude tanker exports rose 19%.

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Oil production and Chinese buying boost Brazil’s crude tanker exports 19%

Japan is world’s third largest shipping nation as owners control 12% of the fleet

Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions

Container rates drop 28%, worst first quarter in twenty years

Oil production and Chinese buying boost Brazil’s crude tanker exports 19%

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Japan is world’s third largest shipping nation as owners control 12% of the fleet

Russian seaborne oil exports fall 6%, but remain largely unaffected by new sanctions

Container rates drop 28%, worst first quarter in twenty years

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