Americas: Pressure on Imports for Relatively Tight US Product Market

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Maksim Safaniuk/Shutterstock

Amid macroeconomic concerns that have weighed heavily on oil prices, physical refined products markets in the Americas remain relatively tight. Imports are expected to be under pressure as refiners in Europe and Asia feel a pinch, while US margins are holding up after coming down from high levels. Latin America turns out to be less of an outlet for Russian products than expected. Most Russian products stay in the Mediterranean, Africa, the Mideast and also move to Asia, while diesel could end up in Europe via the backdoor. That allows US refiners to continue their product exports south and to Europe, with US crude mostly going to Europe and Asia.

Oil Products, Oil Trade, Gasoline, Diesel/Gasoil
Wanda Ad #2 (article footer)