“Brazilian production has increased quite a lot because of offshore production,” he said. “We should see these supplies keep coming.”
Tankers carrying 2.5 million barrels of Brazilian oil are on their way for delivery to East Coast refineries, ship-tracking data show. This would be the most since at least 2002, according to data from the EIA. The vessels are set to deliver Sapinhoa, Ostra and Iracema grades into Philadelphia, where refiners including Philadelphia Energy Solutions and PBF Energy Inc. have bought Brazilian oil.
Categories: Offshore Activity