GENERICO.ruEconomicsRussia delivered a record shipment of oil to Brazil

Russia delivered a record shipment of oil to Brazil

MOSCOW, November 10 In October, Russia exported a record batch of crude oil to Brazil – 207 thousand tons worth $133 million – and became one of the three largest suppliers in this country at the end of the month, follows from an analysis of data from the statistical service of this Latin American country.
In early autumn, after a two-year break, Brazil resumed purchasing oil from Russia, and in October the volume of imports increased 2.5 times – to 207.4 thousand tons, or approximately 1.5 million barrels. The cost of the batch also increased sharply – 2.8 times, to 133.25 million dollars.

The October oil supply, both in volume and value, was the largest since at least 1997 – no earlier statistics are publicly available. Prior to this, Brazil purchased a record volume of oil in May 2002 at the level of 139.8 thousand tons (million barrels), and in terms of cost the previous maximum was in June 2010 at 86.2 million dollars.

This allowed Russia to become Brazil's third largest oil supplier last month. Only the United States ($346 million) and neighboring Guyana ($187 million) are ahead. The top five also includes Algeria ($112 million) and Saudi Arabia ($98 million).
Since the beginning of the year, Brazil has purchased $181 million of Russian oil, making Moscow the 11th largest supplier of this raw material. The main sellers of oil to the South American country in 2023 were Saudi Arabia ($1.5 billion), the United States ($1.4 billion) and Algeria ($1.3 billion).


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