Peru cancels, rebids tenders to cope with high Latin American ULSD prices

Peru has canceled two distillate tenders, awarded only one light ends cargo out of three for another tender, and put the other two cargoes up for rebid March 21, sources said, reflecting Latin American entities’ struggle in coping with high diesel and gasoline prices. Crude futures settled sharply higher March 21 on the possibility of EU sanctions on its key…