Steve Bruckmann/Shutterstock Save for later Print Download Share LinkedIn Twitter In North America, the Omicron variant's wave seems to be peaking in a bullish development for demand. While this points at some normalization, fuel flows might be in flux soon. In parts of Latin America, and particularly Mexico, industry players are looking to get more insular. Also, a showdown with Russia looms, which could have Europe asking for more US crude and products, while Russia might cut off exports to the US. All these developments take place against a backdrop of low product inventories and a much-reduced downstream footprint in the US, leaving little cushion to catch up to draws, meet overseas demand and replenish tanks.
