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Lula da Silva’s return to power in Brazil and its impact on the tanker sector

Two weeks ago, Brazil made a significant shift to the left with the election of Luiz Ignacio Lula da Silva as president.

This is an impressive political comeback for the former president, who served from 2003 to 2010.

As Lula's presidency was marked not only by an increase in Brazilian crude oil production but also by increased government interference in the oil sector management, BRS Tanker analyzed whether his return would affect tanker demand in the region.

Since 2000, Brazilian crude oil production has doubled to around 3 million barrels per day.

The engine of this growth has been . . .

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