TREE NEWS reports: Brazil’s oil exports reached a record 11.7 million metric tons in September, government data released Tuesday showed, surpassing the previous monthly high of 11 million tonnes set in March 2023. Shipments rose 42.2% year on year while export revenue jumped 77.3% to about $6.5 billion, driven by record domestic output and strong international demand.
Brazil’s September Oil Exports Hit Record 11.7 Million Tonnes
AI take
The revenue jump outpacing the volume gain points to pricing strength as much as supply growth, meaning Brazil's export windfall reflects both barrels and the terms on which they clear. For a market increasingly framed around RWA flows, this matters as a reminder that hard commodity trade remains the dominant real-world settlement layer. The open question is whether the demand driving September's record persists once seasonal and price effects normalize.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
16m ago
Japan August Labor Cash Earnings Rise 3.8% YoY, Above Forecast
48m ago
Vance Says He Hasn’t Given Much Thought to 2028 Presidential Run
54m ago
Vance: Iran Must End War by Scrapping Uranium Enrichment
55m ago
PetroChina’s Bayan Oilfield Hits Record 5,080 Tonnes Daily Output
59m ago
Kim Jong Un Sends Birthday Message to Putin, Reaffirms Alliance
1h ago
Canada’s August Trade Surplus With US Hits Record Monthly Swing