South America

Brazil extends oil export tax through year end, advances US reciprocity process

1 min readNovember 8, 2026

SAO PAULO, Nov 6 (Reuters) - Brazil's foreign trade chamber executive committee approved in a meeting on Thursday an extension of a 12% tax on exports of crude oil until December 31, with the aim of maintaining normal domestic supplies of oil products, the government said in a statement on Friday.

Reporting by Bernardo Caram; Writing by Isabel Teles; Editing by Chizu Nomiyama

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