Latin American countries unveil tenders even amid record high ULSD prices
Delivered ULSD cargo assessments hit record highs from $183.45/b in Mexico to nearly $190/b in Argentina, even as Uruguay and the Dominican Republic broke the tendering silence March 8 with requests for new diesel cargoes. ULSD led the global oil complex higher, as Europe is heavily dependent on Russia for diesel fuel and for the feedstocks needed to produce diesel….