After challenges in recent olive harvests in major producing countries, expectations for a better harvest this season are opening up prospects for a larger global availability of olive oil. Tunisia is one of the countries expected to increase its production volumes. The country’s embassy in Brazil is taking steps to boost exports to the Latin American giant.
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The Brazilian government decided to levy a 9.2% tariff on crude oil exports to compensate for the loss of revenue due to the gradual lift of tax exemptions on fuel.
The Russia-Ukraine war could switch the positions of the countries that take part in the global oil and gas industry.
State-controlled Pré-Sal Petróleo will auction 55 million oil barrels from four fields on November 26. Brazilian exporters and trading firms can participate.
The executive of the Energy Research Office, José Mauro Ferreira Coelho, believes that the country will be among the five major exporters of the sector in 2026 due to the combination of production increase and lack of expansion in the oil refinery area.
