Sort By:
-
The Latam Corona vs. Economy Dilemma
Coronavirus was a distant concern for us in Latin America back in February. Higher infection rates in colder weather made the idea of COVID-19 even harder to grasp as a threat. Life continued as normal, and the pandemic felt a world away. To our chagrin, we learned that cold Cuba Libres at the beach would […]
Tags: Argentina, brazil, coronavirus, covid-19, crude, diesel, Ecuador, gasoline, mexico, middle distillates, Venezuela -
Awaiting the Rebound in Latin American Product Demand
The number of coronavirus cases in Latin America continues to rise, with more than 1.4 million people infected in Brazil and Mexico. The lockdowns and quarantines of recent months have weighed heavily on clean product demand in these countries – something starkly reflected in their import volumes. As we close out June, Mexican clean product […]
Tags: brazil, central america, gasoline, latam, latin america, mexico, Middle Distillate -
Increasingly Cluttered Clean Product Glut Builds off Mexico
Lower demand for refined products, sparked by quarantine measures and limited onshore storage capacity are leading to a glut building offshore several Mexican ports. Some vessels are waiting for more than a week to offload. Based on information from Onexpo, Mexico’s petrol station association, the demand for refined products in Mexico has decreased by more […]
Tags: clean products, coronavirus, CPP, gasoline, mexico, pemex -
Brazil Flows Mostly Holding Up Despite Coronavirus
Brazil is maintaining both strong imports of gasoline and oil exports despite lower domestic demand and oil production cuts. Yet, exports of fuel oil have been hit by the global economic slowdown of recent months. Meanwhile, coronavirus cases in the country are spiking. The South American country is one of the hardest-hit countries by the […]
Tags: brazil, coronavirus, covid-19, fuel oil, gasoline, middle distillates, oil -
The To and Fro of Mexican Flows
Mexican imports of petroleum products from China and South Korea doubled between 2018 and 2019, and though the United States remains by far its largest supplier, Asian refiners have gained market share in the Central American country. Last year, Mexico imported 20,000 barrels per day of gasoline from China, up over 50% versus the previous […]
Tags: china, corona virus, CPP, gasoline, mexico, oil, South Korea, US -
Gasoline Import Weekly
Latin American deliveries of gasoline and related products to the United States have been absent for three weeks, though we did have another strong showing from India
Tags: gasoline, latin america, US -
US Gasoline Imports Weekly
Northwest European imports came in at 186,000 bpd, triple the level from the previous week. This is also twice of the volume of the five-year average over the same period.
Tags: gasoline, US -
Asian Clean Products Increasingly Heading to Mexico
Lower crude production, underinvestment and lack of refurbishments in the Mexican downstream sector has forced the country to increasingly become an importer of refined products. Despite having the capacity to refine some 1.6 million barrels per day, a spotty track record for Mexican energy company Pemex has left the country far from energy self sufficiency. […]
Tags: china, CPP, gasoline, mexico, middle distillates, South Korea, United states -
Venezuela Looks to Europe and Beyond to Replace US Product Imports
Before the Trump administration began its crackdown on Caracas, the United States was the largest supplier of refined products to Venezuela. With strict sanctions in place, Venezuela has now turned to the European market, and notably Russia, in order to maintain a relatively steady level of imports of gasoline and middle distillates. US sanctions imposed […]
Tags: diluent, gasoline, middle distillates, OPEC, pdvsa, sanctions, Venezuela -
Market Signals Incentive to Shut FCCs Ahead of IMO 2020
Uncertainty continues to surround the forthcoming IMO 2020 sulfur cap, even with a mere five and a half months to go before the January 1, 2020, start of the regulation. What will the makeup of marine fuel demand be after the sulfur cap goes into effect? Will compatibility concerns limit market appeal for low sulfur […]
Tags: bunker, ClipperBlog, fuel oil, gasoline, IMO 2020, LSFO, marine fuels, VGO