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US exports of gasoline and diesel to Latin America to remain stable

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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.”

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