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US Gulf Clean Product Outflows Slowed in October

OIL PRODUCTS

US PADD 3 clean product exports slipped in October due to weaker demand from Latin America according to Vortexa vessel tracking figures.

  • US Gulf Coast clean product exports fell 11% in October m-o-m after strong exports of 2.1mbd in September.
  • The slowdown could be indicative of a slowdown in the Brazilian agriculture sector which may already have ample supplies.
  • Gasoline exports to Mexico from the US Gulf Coast fell by 130kbd m-o-m in October while diesel/gasoil exports to South America fell by 120kbd m-o-m.

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