Americas: World Leans on Slowly Recovering US Product Market

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Product markets in the Americas face a challenging few months that could lead to tightness despite relatively tepid regional demand. Certain areas in North America, are still shaking off the impacts of severe winter weather that hit late last year and into early 2023. The EU’s implementation of a ban on Russian products has not yet roiled markets much, but Europe will likely look across the Atlantic for a portion of replacement volumes. A heavy refinery maintenance season looms, which could pinch supplies. And meanwhile, gasoline consumption in the US is starting to perk up.

Oil Products, Oil Trade, Diesel/Gasoil, Gasoline, Jet Fuel
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