Brazilian energy companies suspend oil exports to US due to potential 50% tariffs
Oil, Brazil's top export to the US, was previously exempt from a 10% tariff imposed in April.
31 July 2025
31 July 2025
Oil, Brazil's top export to the US, was previously exempt from a 10% tariff imposed in April.
The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.
Surging demand for MDI from the electronics and automotive industries will propel the capacity additions in the country.
Additional processing modules are currently en route from the Pacific Northwest and are set to arrive at the site in August.
The gas will be delivered to the ANR trading hub in south-east Louisiana, with pricing based on the Dutch TTF.
This is the first offshore natural gas project in China to tackle high-pressure, high-temperature conditions in a low-permeability environment.
This contract, awarded by a global oil and gas corporation, aims to boost operational efficiency and sustainability.
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