Crude exports from Brazil surged to 8.19mn t (1.12mn b/d) in July, up from 5.55mn t in June and more than double the 3.77mn t dispatched a year earlier, according to preliminary data from Brazil's trade ministry. China's share of receipts dropped to around 73pc compared with 88pc in June. European countries including Spain, Portugal and the Netherlands increased their shares, as did the US, when compared with June. Last week, executives from state-controlled Petrobras, Brazil's top oil producer, said Chinese demand for pre-salt crude remains strong, but the country's light sweet grades are also appealing in other ... (full story)