Latin America pulling more refined product cargoes from Europe, Asia USGC ULSD waterborne premium drops on race to supply Latin America Latin American diesel prices have backed away from record highs just enough that market sources say they finally see some easing in the refined product markets due to new sourcing options from Asia and Europe. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Yes, the market is relaxing,” one Latin America source said. “I think the whole distillates market will go down.” This comes on the heels of two multi-cargo ULSD tenders unveiled in the region after two weeks of no new refined product tenders. Colombia had even canceled tenders for ultra low sulfur diesel, gasoline and naphtha as its end-April award date coincided with fresh daily highs until a record $186.12/b on May 4 for ULSD import parity prices. The […]