Jason Barton

Professional Information and Energy News

Petrobras imports gasoline on demand surge

without comments

Darn! Brazil was doing so well with their energy independence. Even with slumping ethanol supplies, demand side management looks like it could have solved this problem without the imports.

SAO PAULO, Feb 17 (Reuters) – Brazil’s state-controlled oil company Petrobras (PETR4.SA)(PBR.N) said on Wednesday it is importing gasoline to ensure supplies to the domestic market after a spike in demand for the motor fuel.

Demand for gasoline in Brazil has jumped on falling production of sugar cane ethanol, which in Brazil is often used as an alternative fuel for cars, as heavy rains cut into the sugar crop.

Read the entire article here.

Written by Jason

February 18th, 2010 at 7:47 am