US exports of gasoline and diesel to Latin America to remain stable
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
In its recently published ‘One-Year Global Fuels Outlook’, ESAI Energy notes that US exports of gasoline and diesel to Latin America will remain stable this year, near historic highs achieved in 2017 of over 1.6 million bpd combined.
Over the last two years, US producers have sent increasingly large volumes of both diesel and gasoline to Latin America to satiate that region’s growing import requirement. In 2018, Latin America’s gasoline and diesel deficits are forecast to remain steady as a marginal recovery in regional throughput is offset by a rise in demand for the two products. With the US’ gasoline and diesel surpluses also expected to remain more or less stable, ESAI Energy analyst Ian Page states that “US producers will continue to send historically large volumes of gasoline and diesel Southwards.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/06032018/us-exports-of-gasoline-and-diesel-to-latin-america-to-remain-stable/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
EU shifts on climate targets in the face of industry reality
The EU’s shift on climate targets has come to echo the reality of the industry, according to an Aggreko report.
