Rare Brazilian Polvo crude cargo arrives in Louisiana: In the LOOP

A rare cargo of Brazilian Polvo crude has made its way to the Louisiana Offshore Oil Port, according to data from US Customs and S&P Global Platts Analytics. On April 23, LOOP imported one cargo of Polvo crude, with a total volume of 270,408 barrels. The Polvo barrels, shipped by Petrobras and consignee Trafigura, have an API gravity of 22.6 degrees. The heavy sour grade is produced in the Polvo Field, located in the Campos Basin offshore southeastern Brazil. Although Polvo barrels are rarely imported into LOOP, other Brazilian heavy sour grades such as Frade, Roncador, Jubarte and Ostra frequently make their way to the US Gulf Coast. In January, LOOP imported a 620,000-barrel cargo of 19.7 degree API Frade crude shipped by Chevron Brazil and Trafigura. In December 2017, two cargoes of Roncador made their way to Morgan City, Louisiana, the delivery point for LOOP. The cargoes had a combined volume of 932,445 barrels and were both shipped by Petrobras and consignee Marathon Petroleum Co. Two other cargoes of Polvo crude have made their way to the USGC in general so far in 2018. On April 20, a 188,000-barrel cargo of heavy sour grade was imported in Gramercy, Louisiana,… continue reading

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Source: CTRM Center

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