Latin American HSD demand spurs record USGC waterborne premium over pipe

The US Gulf Coast high sulfur diesel waterborne premium over pipeline reached a record high of 41 cents/gal April 1, as Latin American demand skyrockets for all distillates. Waterborne distillate values rose to end the week based on increased demand from Latin America, coupled with shipping uncertainty stemming from the Russian invasion of Ukraine. Not only are vessels harder to…