ULSD prices pass $120/b in Latin America, but distillate tendering remains active

Ultra low sulfur diesel delivered and import parity prices raced past $120/b in several Latin American countries Feb. 14, but the highest prices in over seven years hardly slowed a flurry of distillate tenders from the region, including the most recent one seeking 2.52 million barrels of high sulfur diesel for Ecuador. S&P Global Platts assessed ULSD CIF cargoes for…