Latin American crude differentials plunge on higher freight, demand concern
August 31, 2022 Comments Off
Latin American crude differentials have plunged this week on a combination of rising freight costs and tepid demand, causing outright prices to decline faster than the broader oil complex. While all Latin grades assessed by Platts have fallen sharply this week, Argentinian crudes have led declines. Platts assessed the light sweet Medanito crude at a discount of $5/b to the…
Latin American crude differentials plunge on higher freight, demand concern
Latin American crude differentials have plunged this week on a combination of rising freight costs and tepid demand, causing outright prices to decline faster than the broader oil complex. While all Latin grades assessed by Platts have fallen sharply this week, Argentinian crudes have led declines. Platts assessed the light sweet Medanito crude at a discount of $5/b to the…
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