FEATURE: Amid ULSD price volatility, it’s ‘refiner’s market’ in Latin America

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With daily price swings hitting $10/b in ultra low sulfur diesel market, Latin American traders fear that their once-steady supply is heading to Europe, giving refiners an advantage in tenders. Latin America is a huge outright price buyer of refined products, mostly from the US Gulf Coast. But a fast start for tenders in 2022, especially large ones, has slowed…