Brazil reduces imports of Russian diesel due to US sanctions

The Energy Source newsletter discusses the upcoming COP30 climate talks in Brazil amidst a backdrop of the US retracting its commitments to the Paris Agreement. ExxonMobil’s CEO, Darren Woods, indicated potential cuts to low-carbon investments due to weak demand, while Brazil is reassessing its reliance on Russian diesel imports following new US sanctions. In 2023, Russia became Brazil’s top diesel supplier, but sanctions are causing a shift towards imports from the US and India. The article highlights the geopolitical complexities influencing Brazil’s energy strategy.