Petrobras' first-quarter exports to the US drop to zero

In the first quarter of this year, around 62% of the exported crude oil from this state-owned oil company was shipped to China. During January to March, Petrobras exported an average of approximately 1.12 million barrels of oil and derivatives per day, marking a 47% increase compared to the same period last year. India became Petrobras' second-largest destination, receiving about 15% of the total exports, up from 14% in the same period last year. Petrobras stated in its securities filing: “India is currently the world’s second-largest importer of seaborne oil, and has solidified its position as a strategic market.” Expand