Brazil more than doubled the volume of its oil exports to China, with export values also nearly doubling, in the first quarter of 2026 from a year earlier, as the Middle East conflict and the closed Strait of Hormuz are re-arranging global commodity flows. The value of Brazil’s crude oil exports to China surged by 94.6% to $7.2 billion in the first quarter, per Brazilian government data compiled by the Brazil-China Business Council. The volume of oil exports, 16 million metric tons, was 122% higher compared to the first quarter of 2025,…
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