Highlights Latin American ULSD passes $160/b to fresh record highs Companies are in ‘stealth mode’ looking for cargoes Latin American tenders have gone into hiding as refined oil products reached record highs again March 7, with the product most in demand — diesel — the hardest to find, afford and ship. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ULSD and gasoil futures led refined products increases, largely because of Europe’s dependency on Russian barrels, and inventories were already tight, especially after a frigid winter reduced US stocks. NYMEX front-month ULSD settled at $3.9215/gal March 7, up 14.52 cents on the day and up $1.07 since Feb. 25 after Russia’s invasion of Ukraine. Benchmark pipeline ULSD in the US Gulf Coast, where much of Latin America sources its distillates, set a record high at $4.0790/gal, or $171.32/b. Delivered cargo assessments in Latin America, even accounting […]