How Brazil's sugarcane-based ethanol shields it from global oil market shocks
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Source: AP News
Published: 2026-03-31 16:19 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Latin America, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
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Snippet:
As global oil markets tremble amid the escalating conflict in the Middle East, Brazil is finding protection in a decades-old buffer against shocks that is both cheap and environmentally friendly. While gas prices soar globally, tens of millions of Brazilian drivers have a choice at the pump: fill up with 100% sugarcane-based ethanol or a gasoline blend that contains 30% of biofuel.
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