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LatAm West Coast Outlet for East of Suez Gasoline

OIL PRODUCTS

The Latin America West Coast has provided an important outlet for the oversupply of gasoline in the East of Suez markets this year according to Vortexa.

  • The push has been led by Singapore and China, tripling volumes H1 2023 vs year ago into LatAm West Coast due to lackluster regional demand combined with a counter seasonal oversupply from the Wider Arabian Sea.
  • Chinese gasoline demand is strong because of summer travel but refineries returning from maintenance are supporting supply.


source: Vortexa

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