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Americas: US Product Traders Prepare for Dislocations From Russian Fallout

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Product markets in the Americas remain tight ahead of looming trade disruptions that are likely to increase the pull from other regions. Most affected are middle of the barrel products — diesel, heating oil and jet fuel. With winter making an entrance and Europe looking to replace Russian flows of products, regional price dislocations are starting to manifest. The odd man out is natural gas liquids (NGLs), and as prices for more traditional fuel sources rise these liquids may opportunistically move into broader roles.

Topics:
Oil Products, Oil Trade, Refining
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