Latin American refined-product tender volumes drop as fuel, freight rates jump to record

High supply prices and low freight availability have hindered the number of refined products cargoes that Latin American entities are receiving, especially for distillates. Sources said that Argentina’s Cammesa in the week ending April 9 only awarded three cargoes of a five-cargo tender of high sulfur diesel and three cargoes of fuel oil out of a seven-cargo tender for fuel…