The Brazilian government has begun to assess, behind the scenes, the possibility of expanding crude oil exports to China amid changes in the geopolitical landscape involving. The assessment comes as shifts in global oil trade flows could open space for new suppliers in the Asian market. China already holds a central position in Brazil’s crude oil exports and is currently the largest buyer of this product from the country. Government advisers see the current international realignment as a strategic opportunity for Brazil to diversify markets and expand exports.
Sources: Brasil 247/Datamar News