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With war in Ukraine, Brazil’s importers see diesel disappearing from market

RIO DE JANEIRO, BRAZIL - The war between Russia and Ukraine has changed the dynamics of the international fuel market. The shortage of supply has thrown small importers in Brazil off track, and large companies are also feeling the decline in product supply, especially in the diesel oil segment.

The scenario reflects Europe's desire to stockpile to avoid power outages in the event of more gas purchases from Russia, as diesel can be a substitute for gas. Most of these stocks are bought in the United States.

To bring diesel to Brazil today, the importer has to pay a high . . .

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