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Latin American Wire

Volume 30 / Issue 120 / June 24, 2024

Crude ($/barrel) (PGA page 280)

Diff to Diff to Futures Diff to Dated
Market Commentary
FOB Crude Mid Change WTI strip Brent strip Brent strip
Escalante
Medanito
PCAGC00 80.53–80.58 80.555 +0.505 PCAGO00
AMTOA00 80.555 +0.505 AMTOC00
-0.335
-0.335
AAXBS00
AMTOB00
-4.000 AAXAX00 -4.705
-4.000 AMTOD00 -4.705
Platts Latin American Crude Daily
Loreto PCAGH00 74.67–74.71 74.690 +0.825 PCAGQ00 -6.200 AAXBV00 -9.865 AAXBG00 -10.570 Commentary
Oriente PCADE00 75.72–75.76 75.740 +0.825 PCAGU00 -5.150 AAXBW00 -8.815 AAXBH00 -9.520
Napo AAMCA00 73.42–73.46 73.440 +0.825 AAMCD00 -7.450 AAXBX00 -11.115 AAXBI00 -11.820 „ Latin crude prices gain as summer driven season
Tupi ATUPA00 84.555 +0.755 ATUPC00 3.665 ATUPB00 0.000 ATUPD00 -0.705
Castilla Blend AAVEQ00 75.78–75.83 75.805 +0.905 AAVEQ01 -5.085 AAXBZ00 -8.750 AAXBK00 -9.455 begins, led by heavy crudes
Vasconia PCAGI00 81.43–81.48 81.455 +0.905 PCAGR00 0.565 AAXCB00 -3.100 AAXBN00 -3.805
Liza ALIZA00 86.060 +0.705 ALIZD00 5.170 ALIZC00 1.505 ALIZB00 0.800 „ Mexico’s Pemex production remains below 1.5
Unity Gold AUNIA00 86.460 +0.705 AUNIC00 5.570 AUNIB00 1.905 AUNID00 1.200 million b/d in May
Payara Gold AYARA00 86.410 +0.705 AYARD00 5.520 AYARC00 1.855 AYARB00 1.150
Latin America WTI strip AAXBP00 80.890 +0.825
Latin America Futures Brent strip AAXBQ00 84.555 +0.755
Latin America Dated Brent strip AAXBR00 85.260 +0.705
Crude prices in Latin America gained June 24 as
the oil complex as a whole rose on optimism that
the summer driving season would spur demand. At
Mexico Crude Postings ($/barrel) (PGA page 1063) (continued on page 4)
Formula Formula Value Constant (k) Posting
Change
US Gulf Coast, Americas’ Atlantic Coast, Caribbean
Maya .65 WTI MEH* + .35 ICE Brent + K AAVLO00 84.50 AAYCP00 -10.15 PDATS09 74.35 +0.66 Latin America market parity prices ($/barrel)
Isthmus .65 WTI MEH + .35 ICE Brent + K AAVLP00 84.50 AAYCQ00 -4.10 PDATO09 80.40 +0.66 (PGA page 270)
Olmeca .65 WTI MEH + .35 ICE Brent + K AAVLQ00 84.50 AAYCR00 -1.60 PDATT09 82.90 +0.66 Mid
Zapoteco .65 WTI MEH + .35 ICE Brent + K AZAPA00 84.50 AVAXB00 -5.20 AVAXC00 79.30 +0.66
Change
US West Coast, Americas’ Pacific Coast Maya AAYMP00 76.064 +0.842
Maya .65 WTI MEH + .35 ICE Brent + K AAUFV00 84.50 AAUWK00 -6.95 AAUPK00 77.55 +0.66 Merey 16 AMERA00 75.786 +0.922
Isthmus .65 WTI MEH + .35 ICE Brent + K AAXLZ00 84.50 AAXLY00 -8.85 AAXKJ00 75.65 +0.66
Olmeca .65 WTI MEH + .35 ICE Brent + K AECAA00 84.50 AECAB00 -6.15 AECAC00 78.35 +0.66
Zapoteco .65 WTI MEH + .35 ICE Brent + K AVAXD00 84.50 AVAXE00 -5.70 AVAXF00 78.80 +0.66
Europe, Middle East
Spot refined products (PGA page 164)
Maya ICE Brent + K AAVLR00 86.01 AAYXA00 -8.80 AAYXE00 77.21 +0.77 $/barrel Mid Change
Isthmus ICE Brent + K AAVLS00 86.01 AAYXB00 -8.55 AAYXF00 77.46 +0.77
Olmeca ICE Brent + K AAXNE00 86.01 AAXND00 -5.80 AAXNC00 80.21 +0.77 Colombia
Zapoteco ICE Brent + K AVAXG00 86.01 AVAXH00 -8.60 AVAXI00 77.41 +0.77 FO 1.75%S FOB PPARO00 77.52–77.54 77.530 +0.320
Diluent Naphtha Ex-Ship AAXYB00 67.150 +0.580
India
Maya ICE Brent + K AMAYB00 86.01 AMAYA00 -10.65 AMAYD00 75.36 +0.77 Ecuador
Isthmus ICE Brent + K AITHB00 86.01 AITHA00 -7.55 AITHD00 78.46 +0.77 FO 2.2% FOB PPASL00 65.52–65.54
65.530 +0.320
Olmeca ICE Brent + K AOLMB00 86.01 AOLMA00 -5.25 AOLMD00 80.76 +0.77 RON 93 CIF AAXYC00 98.730 -1.910
Zapoteco ICE Brent + K AVAXL00 84.54 AVAXK00 -9.25 AVAXJ00 75.29 -0.25 ULSD CIF AAXWF00 106.810 +0.970
Far East Argentina
Maya (Oman + Dubai)/2 + K AAVLT00 84.54 AAYXC00 -8.35 AAYXG00 76.19 -0.25 ULSD CIF AAXWZ00 110.100 +1.150
Isthmus (Oman + Dubai)/2 + K AAVLU00 84.54 AAYXD00 -8.25 AAYXH00 76.29 -0.25
Olmeca (Oman + Dubai)/2 + K AECAD00 84.54 AECAE00 -4.95 AECAF00 79.59 -0.25 Peru
Zapoteco (Oman + Dubai)/2 + K AVAXM00 84.54 AVAXN00 -7.30 AVAXO00 77.24 -0.25 ULSD CIF AAXWY00 108.060 +0.970
*Used as a proxy for another Price Reporting Agency’s “WTI Houston” assessment.

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Latin American Wire June 24, 2024

Marine Fuel (PGA page 30) NYMEX 2:30pm Eastern Settlement (PGA page 701)
$/mt Change Crude oil ($/barrel) ULSD (¢/gal) RBOB Unleaded (¢/gal)
0.5% FOB Singapore cargo AMFSA00 599.300 +2.430 Aug AAWS001 81.63 +0.90 Aug AAHS001 252.14 +2.99 Aug AARS001 251.15 -0.22
0.5% FOB Fujairah cargo AMFFA00 600.680 +1.620 Sep AAWS002 80.86 +0.90 Sep AAHS002 253.83 +2.82 Sep AARS002 249.50 -0.16
0.5% FOB Rotterdam barge PUMFD00 559.000 +5.250 Oct AAWS003 80.06 +0.91 Oct AAHS003 255.44 +2.79 Oct AARS003 246.37 +0.18
0.5% FOB US Gulf Coast barge AUGMB00 583.500 +7.250
0.5% Dlvd US Atlantic Coast barge AUAMB00 609.750 +7.250
0.5% FOB Mediterranean cargo
0.5% CIF Mediterranean cargo
MFFMM00
MFCMM00
558.750
575.750
+2.750
+2.250
Mexico refined products (PGA page 164)
$/barrel $/barrel Change Peso/liter Change
0.5% FOB US Gulf Coast barge AUGMA00 91.890 +1.140 Gasoline CIF Eastern Mexico AAXWA00 97.170 -0.910 AATFH00 10.960 -0.240
0.5% Dlvd US Atlantic Coast barge AUAMA00 96.020 +1.140 Gasoline CIF Rosarito AATFA00 104.150 -0.760 AATFK00 11.750 -0.230
vs FO 380 MOPS strip ($/mt) Gasoline CIF Lazaro Cardenas AATFD00 103.680 -0.760 AATFN00 11.690 -0.240
0.5% FOB Singapore cargo AMOPA00 98.120 +2.250 ULSD CIF Eastern Mexico AAXWE00 104.490 +1.390 AATFI00 11.780 +0.010
ULSD CIF Rosarito AATFB00 108.630 +1.220 AATFL00 12.250 -0.010
ULSD CIF Lazaro Cardenas AATFE00 109.160 +1.220 AATFO00 12.310 -0.010
Jet CIF Eastern Mexico AATFG00 108.570 +1.080 AATFJ00 12.240 -0.030
Jet CIF Rosarito AATFC00 110.050 +0.180 AATFM00 12.410 -0.140
Jet CIF Lazaro Cardenas AATFF00 110.550 +0.180 AATFP00 12.470 -0.130

US benchmarks
¢/gal Mid Change ¢/gal Mid Change ¢/gal Mid Change
US Gulf Coast prompt pipeline (PGA page 156) US Gulf Coast FOB cargo products (PGA page 156) US Gulf Coast waterborne products ex RVO (PGA page 156)
Unleaded 87 PGACT00 229.95–230.05 230.000 -2.410 Export ULSD AAXRV00 241.210 +2.890 Unleaded 87 AGWBD00 223.660 -2.320
ULSD AATGY00 246.78–246.88 246.830 +2.470 Export ULSD ($/mt) AAXRW00 754.750 +9.050 Unleaded 93 AGWBE00 257.410 -2.320
ULSHO AAXFD00 238.53–238.63 238.580 +2.570 RVO (Current Year) RVOR002 8.5910 -0.0906 CBOB AGWBA00 215.910 +0.180
No.2 Oil POAED00 234.28–234.38 234.330 +2.570 US Gulf Coast FOB cargo export vs forward pipeline (PGA page 156) CBOB 93 AGWBC00 244.160 +0.430
Jet 54 grade PJABO00 246.48–246.58 246.530 +2.070 ULSD AGWBF00 240.739 +2.561
ULSD Mexico AUSGH00 2.750 0.000
US Gulf Coast RVP adjustments (PGA page 330) ULSD Brazil AUSGA00 2.750 0.000 $/barrel Mid Change
CBOB -1 psi AGLOB00 4.250 -0.450 ULSD EN590 AUSGB00 2.750 0.000 New York products (PGA page 152)
Prem CBOB -1 psi AGLOC00 4.250 -0.450 Jet A AUSGC00 4.000 0.000 Fuel oil 1%S PUAAO00 86.00–86.02 86.010 +0.680
CBOB +1 psi AGLOA00 -2.100 0.000 Jet A-1 AUSGD00 6.000 0.000 Fuel oil 3%S PUAAX00 78.50–78.52 78.510 +0.320
Prem CBOB +1 psi AGHOA00 -2.100 0.000 US Gulf Coast waterborne products (PGA page 156) Crudes 2:30pm Eastern (PGA pages 210 and 214)
US Gulf Coast forward pipeline strip (PGA page 156) Unleaded 87 PGACU00 232.20–232.30 232.250 -2.410 WTI 1st month PCACG00 82.77–82.79 82.780 +0.900
ULSD 15-30 Day AUSGI00 247.420 +2.800 Unleaded 93 PGAIX00 266.000 -2.410 WTI 2nd month PCACH00 81.62–81.64 81.630 +0.900
ULSD 21-35 Day AUSGJ00 247.680 +2.810 CBOB AAWES00 224.500 +0.090 WTI MEH AAYRG00 83.680 +0.600
ULSD 7-21 Day AUSGK00 247.050 +2.800 CBOB 93 AGWBB00 252.750 +0.340 Mars 1st month AAMBR00 83.67–83.69 83.680 +1.000
Jet Fuel 15-30 Day AUSGE00 247.850 +2.240 ULSD AATGZ00 249.28–249.38 249.330 +2.470 Mars 2nd month AAMBU00 82.42–82.44 82.430 +1.000
Jet Fuel 21-35 Day AUSGF00 248.180 +2.280 No.2 Oil POAEE00 235.78–235.88 235.830 +2.570 LLS PCABN00 85.67–85.69 85.680 +0.900
Jet Fuel 7-21 Day AUSGG00 247.340 +2.180 Jet 54 grade PJABM00 250.48–250.58 250.530 +2.070 ANS PCAAD00 86.59–86.63 86.610 +0.830
Naphtha AALPG00 195.45–195.55 195.500 +0.340
Crudes at 16:30 London (PGA page 1210)
$/barrel Mid Change Bonny Light PCAIC00 86.04–86.07 86.055 +0.045
USGC HSFO PUAFZ00 73.12–73.14 73.130 +0.660

© 2024 by S&P Global Inc. All rights reserved. 2

Latin American Wire June 24, 2024

Caribbean product postings (PGA page 466) Brazil CFR Cargo (PGA page 164)
Effective date 24Jun24 $/barrel Change ¢/gal Change
¢/gal ULSD South Brazil Spread AULDE00 6.330 +0.030 AULDD00 15.060 +0.060
Mogas 92 RON Unleaded PPQAE00 273.00 (US vs All-Origin)
Mogas 95 RON Unleaded PPQAF00 278.00 $/barrel Change R$/cu m* Change
Dual Purpose Kerosene PPQAB00 277.00 ULSD DAP South Brazil (All Origin) AULDA00 104.400 +1.180 AULDB00 3538.690 +10.480
Gasoil 45 Cetane 0.1%S PPQAC00 268.00 ULSD Itaqui (US Origin) BUITA00 107.950 +1.220 BUITB00 3658.890 +10.670
$/b ULSD Suape (US Origin) BUSUA00 108.900 +1.220 BUSUB00 3691.090 +10.400
Bunker C Fuel Oil PPQAA00 85.00 ULSD Aratu (US Origin) BUARA00 109.440 +1.210 BUARB00 3709.390 +9.900
ULSD Santos (US Origin) BUSAA00 110.410 +1.220 BUSAB00 3742.270 +9.970
Basis: St. Croix ULSD Paranagua (US Origin) BUPAA00 110.730 +1.210 BUPAB00 3753.120 +9.540
Source: Antilles Jet Itaqui (US Origin) AJAAB00 112.730 +0.940 AJABB00 3820.900 -0.280
Jet Suape (US Origin) AJAAE00 113.630 +0.940 AJABE00 3851.410 -0.530
Jet Aratu (US Origin) AJAAA00 114.140 +0.940 AJABA00 3868.690 -0.680
Jet Santos (US Origin) AJAAD00 115.050 +0.940 AJABD00 3899.540 -0.940
Jet Paranagua (US Origin) AJAAC00 115.360 +0.940 AJABC00 3910.050 -1.030
Gasoline Itaqui BGITA00 87.460 -0.070 BGITB00 2964.390 -27.440
Gasoline Suape BGSUA00 88.410 -0.070 BGSUB00 2996.590 -27.720
Gasoline Aratu BGARA00 88.950 -0.080 BGARB00 3014.900 -28.210
Gasoline Santos BGSAA00 89.920 -0.070 BGSAB00 3047.770 -28.150
Gasoline Paranagua BGPAA00 90.240 -0.080 BGPAB00 3058.620 -28.580
US LPG (PGA page 780) ¢/gal Change
Gasoline CFR vs NYMEX AGSUA00 -39.000 0.000
Code Mid Change ULSD DAP South Brazil AULDC00 -5.250 0.000
Enterprise Mt Belvieu (¢/gal) (All-Origin) vs NYMEX
Ethane purity M1 PMUDB05 17.875 -0.250 $/mt Change R$/kg Change
Propane M1 PMAAY00 79.500 +0.750 Propane Suape BLSUA00 540.560 +7.310 BLSUB00 2.910 +0.010
Propane M2 AAWUD00 80.375 +0.500 Propane Santos BLSAA00 559.720 +7.290 BLSAB00 3.020 +0.020
Normal butane M1 PMAAI00 97.250 +0.250 *Brazilian real per cubic meter.
Natural gasoline M1 PMABY05 153.875 +0.625
Natural gasoline M2 AAWUG00 155.000 +0.750 Latin America Import Parity Prices
($/mt)
Propane AAXDD00 414.195 +3.905 $/barrel Change
Peru (PGA page 169)
Normal butane AAXDC00 440.545 +1.135 Diesel Peru AULSA00 113.490 +0.050
Waterborne FOB USGC (¢/gal) Jet Peru AJETA00 117.970 -0.370
Propane AAXIN00 91.980 +1.350 Gasoline Peru AGASA00 104.470 +0.370
Propane vs. Mt Belvieu AAXIP00 11.000 0.000 Colombia (PGA page 169)
Diesel Colombia ACOLA00 105.640 +0.260
Butane ABTNA00 106.810 +0.400 Jet Colombia ACOLC00 110.460 -0.160
Butane vs. Mt Belvieu ABTNC00 9.000 0.000 Gasoline Colombia ACOLB00 100.150 +0.380
LPG 22:22 ALPUA00 99.390 +0.870 $/barrel Change R$/cu m* Change
LPG 22:22 vs. Mt Belvieu ALPUC00 10.000 0.000 Brazil (PGA page 166)
($/mt) ULSD S10 Manaus BUMAA00 113.430 +0.090 BUMAB00 3844.610 -29.400
Propane AAXIM00 479.220 +7.040 ULSD S10 Itaqui BUITD00 114.700 +0.090 BUITE00 3887.760 -29.830
ULSD S10 Suape BUSUD00 113.290 +0.090 BUSUE00 3839.960 -29.360
Propane vs. Mt Belvieu AAXIO00 57.310 0.000 ULSD S10 Aratu BUARD00 114.900 +0.090 BUARE00 3894.360 -30.190
Butane ABTNB00 483.850 +1.810 ULSD S10 Santos BUSAD00 115.070 +0.060 BUSAE00 3900.150 -30.930
Butane vs. Mt Belvieu ABTND00 40.770 0.000 ULSD S10 Paranagua BUPAD00 115.840 +0.060 BUPAE00 3926.330 -31.060
ULSD S10 Tramandai BUTRA00 115.470 +0.030 BUTRB00 3913.770 -32.260
LPG 22:22 ALPUB00 481.190 +4.430
ULSD S10 Guamare BUGUA00 118.040 +0.090 BUGUB00 4000.980 -30.720
LPG 22:22 vs. Mt Belvieu ALPUD00 48.700 0.000 ULSD S10 Duque de Caxias BUDEA00 120.610 +0.060 BUDEB00 4088.150 -32.520
ULSD S10 Betim BUBTA00 121.250 +0.060 BUBTB00 4109.800 -32.700
ULSD S10 Cubatao BUCUA00 116.130 +0.070 BUCUB00 3936.050 -31.230
ULSD S10 Maua BUMUA00 116.660 +0.060 BUMUB00 3954.150 -31.380
ULSD S10 Paulinia BUPLU00 117.970 +0.070 BUPLB00 3998.410 -31.770
ULSD S10 Sao Jose dos Campos BUSJA00 117.550 +0.060 BUSJB00 3984.250 -31.640
ULSD S10 Araucaria BUAUA00 117.670 +0.060 BUAUB00 3988.360 -31.600

© 2024 by S&P Global Inc. All rights reserved. 3

Latin American Wire June 24, 2024

the same time, differentials in Argentina widened as Latin America Import Parity Prices (continued)
traders reported values for August-loading cargoes. $/barrel Change R$/cu m* Change
ULSD S10 Canoas BUCNA00 117.290 +0.020 BUCNB00 3975.590 -32.780
Platts assessed Medanito at a discount of $4/b Jet Manaus BJMAA00 117.950 -0.310 BJMAB00 3997.660 -44.690
to ICE Brent, a decline of 25 cents/b, after traders Jet Itaqui BJADB00 119.160 -0.320 BJAEB00 4038.920 -45.100
Jet Suape BJADE00 117.820 -0.310 BJAEE00 3993.280 -44.650
said that level was at about the midpoint of recent Jet Aratu BJADA00 119.350 -0.320 BJAEA00 4045.150 -45.430
Jet Santos BJADD00 119.490 -0.340 BJAED00 4050.040 -46.130
transactions. Escalante was also assessed weaker by Jet Paranagua BJADC00 120.240 -0.340 BJAEC00 4075.290 -46.260
25 cents/b to minus $4/b. Jet Tramandai BJTRA00 119.870 -0.380 BJTRB00 4062.890 -47.380
Jet Guamare BJGUA00 122.570 -0.310 BJGUB00 4154.290 -46.020
Neuquen, the biggest oil- and natural gas-producing Jet Duque de Caxias BJDEA00 125.040 -0.340 BJDEB00 4238.040 -47.720
province in Argentina, saw its crude production increase Jet Betim BJBTA00 125.680 -0.340 BJBTB00 4259.680 -47.910
Jet Cubatao BJCUA00 120.550 -0.340 BJCUB00 4085.940 -46.430
a year-over-year 20.4% to a new record of 394,100 b/d in Jet Maua BJMUA00 121.080 -0.350 BJMUB00 4104.030 -46.590
Jet Paulinia BJPLU00 122.390 -0.340 BJPLB00 4148.300 -46.960
May, the provincial energy ministry said June 24. Jet Sao Jose dos Campos BJSJA00 121.970 -0.350 BJSJB00 4134.140 -46.840
May’s oil production was up 0.9% from the previous Jet Araucaria BJAUA00 122.070 -0.340 BJAUB00 4137.330 -46.790
Jet Canoas BJCNA00 121.690 -0.380 BJCNB00 4124.700 -47.910
record of 390,326 b/d in April, the ministry said in a Gasoline Manaus BGMAA00 92.380 +1.090 BGMAB00 3131.240 +10.890
statement. Gasoline Itaqui BGITC00 92.540 +1.100 BGITD00 3136.540 +10.800
Gasoline Suape BGSUC00 92.100 +1.100 BGSUD00 3121.530 +10.970
Heavier crudes in Colombia rose on the day, tracking Gasoline Aratu BGARC00 92.710 +1.090 BGARD00 3142.180 +10.490
Gasoline Santos BGSAC00 92.750 +1.070 BGSAD00 3143.640 +9.880
movements in Mars on the USGC. Platts assessed Gasoline Paranagua BGPAC00 93.070 +1.070 BGPAD00 3154.660 +9.870
Vasconia at a discount of $3.10/b to ICE Brent, up 15 Gasoline Tramandai BGTRA00 93.390 +1.040 BGTRB00 3165.410 +8.660
Gasoline Guamare BGGUA00 96.850 +1.100 BGGUB00 3282.540 +9.600
cents/b day on day. Castilla was also assessed higher Gasoline Duque de Caxias BGDEA00 98.290 +1.060 BGDEB00 3331.640 +8.290
by 15 cents/b, to minus $8.75/b. Gasoline Betim BGBTA00 98.930 +1.070 BGBTB00 3353.280 +8.100
Gasoline Cubatao BGCUA00 93.810 +1.070 BGCUB00 3179.540 +9.580
In a bullish note for heavy crudes in the region, Gasoline Maua BGMUA00 94.340 +1.070 BGMUB00 3197.630 +9.420
Gasoline Paulinia BGPLU00 95.650 +1.070 BGPLB00 3241.900 +9.040
crude production by Mexico’s Pemex remained below Gasoline Sao Jose dos Campos BGSJA00 95.230 +1.070 BGSJB00 3227.740 +9.170
1.5 million b/d for the second month in a row in May, Gasoline Araucaria BGAUA00 94.900 +1.070 BGAUB00 3216.700 +9.350
Gasoline Canoas BGCNA00 95.210 +1.030 BGCNB00 3227.230 +8.140
data from the upstream regulator showed June 24.
$/mt Change R$/kg Change
In May, Pemex produced 1.48 million b/d, almost LPG Suape** BLSUC00 557.520 +2.250 BLSUD00 3.000 -0.020
LPG Santos** BLSAC00 565.530 +2.240 BLSAD00 3.050 -0.010
100,000 b/d lower than in May 2023, data from the
*Brazilian real per cubic meter. **LPG refers to a mix of 70% propane and 30% butane.
National Hydrocarbons Commission, or CNH, showed.
Platts is part of S&P Global Commodity Insights.
Latin American Bunkers ($/mt) (PGB page 870)
Platts Latin American Middle Distillate Country IFO 380 CST Mid Change Marine gasoil 0.1% Mid Change
Daily Commentary Delivered
Buenos Aires Argentina PBABR00 1098.95–1099.05 1099.000 +4.000
„ Petroecuador seeks jet fuel tender El Callao Peru PBABW00 1000.95–1001.05 1001.000 +6.000
Valparaiso Chile PUAYR00 825.95–826.05 826.000 +2.000 PBABX00 1003.95–1004.05 1004.000 +2.000
„ Ecuador’s blackout has little effect on products Guayaquil Ecuador AAJOC00 507.95–508.05 508.000 -1.000 AAJOG00 1147.95–1148.05 1148.000 +3.000
Libertad Ecuador PUAYT00 506.95–507.05 507.000 -1.000 PBABY00 1146.95–1147.05 1147.000 +3.000
Cartagena Colombia AAJOA00 596.95–597.05 597.000 +3.000 PBACW00 726.95–727.05 727.000 +6.000
Montevideo Uruguay PBADA00 1111.95–1112.05 1112.000 +2.000
Ecuador faced a blackout June 20-21 amid a failure Santos Brazil AAXWO00 817.000 +7.000
in the energy transmission line, with market sources Ex-wharf
reporting the blackout affected their refineries. Balboa Panama PUBAD00 497.95–498.05 498.000 +4.000 PBACU00 807.95–808.05 808.000 +6.000
Cristobal Panama PUAEF00 567.95–568.05 568.000 +4.000 POABJ00 810.95–811.05 811.000 +6.000
Petroecuador, Ecuador’s state-run oil company, said Panama Canal Panama AAXWG00 498.000 +4.000 AAXWI00 808.000 +6.000
it could not relay any information but noted it is still on
track to award its tenders.
“We continue with the planned export contests for

© 2024 by S&P Global Inc. All rights reserved. 4

Latin American Wire June 24, 2024

Oriente Napo crude oil and fuel oil 6 that open this week,” Latin America Marine Fuel 0.5% Bunkers ($/mt)
Country Mid Change
said a trader who is familiar with Petroecuador’s operations.
Delivered
Despite the outages, Petroecuador released a jet Buenos Aires Argentina MFBAD00 620.000 -1.000
fuel tender this week. Market sources claim that the Cartagena Colombia MFCRD00 659.000 +5.000
Santos Brazil MFSAD00 631.000 +1.000
company’s refinery was only down during the blackout Valparaiso Chile AMFVA00 886.000 +2.000
and that it affected little of their production. Callao Peru AMFCA00 741.00 +5.00
Guayaquil Ecuador AMFGY00 716.00 +4.00
Petroecuador seeks to buy 2.25 million barrels of La Libertad Ecuador AMFLB00 715.00 +4.00
Montevideo Uruguay AMFMT00 749.00 -1.00
Jet A-1, with the first cargo to be delivered August 2-4,
Ex-wharf
according to a tender document seen June 24. Balboa Panama MFBAE00 607.000 +4.000
On June 24, Commodities at Sea data showed Cristobal Panama ACBAL00 611.000 +4.000
Panama Canal Panama APNMA00 607.000 +4.000
Ecuador importing 4.6 million barrels of clean product
throughout June, an amount not seen since November
2023. The majority of imports come from the US, with
3.1 million barrels. Latin American spot marine fuel prices mostly assessed between $2 and $4 up.
Platts assessed ULSD CIF Ecuador Cargo at increased June 24. In Santos, Marine gasoil spot price rose $7 from
$106.81/b on June 24, up 97 cents. A bullish sentiment among suppliers at ports on the the previous session to $817/mt delivered on updated
Platts is part of S&P Global Commodity Insights. Pacific Ocean pushed prices higher across the board, refiner pricing. Also, Callao came with a positive
fueled by the oil futures’ market behavior. change, with a $6 increase to $1,001/mt delivered.
Platts Latin American Bunker Daily Platts assessed marine fuel 0.5%S spot price in In global oil news, ICE prompt-month Brent climbed
Commentary Callao at $741/mt delivered, up $5 from the previous 78 cents to $86/b, and NYMEX WTI first month out rose
session, while in La Libertad, VLSFO increased by $4 to 90 cents to $81.63/b.
„ Regional markets see edging higher demand
$715/mt delivered. Platts is part of S&P Global Commodity Insights.
„ Oil futures support prices across the board In other regional ports, 0.5%S spot price was

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ICE index data and NYMEX futures data used herein are provided under S&P Global

Latin American Wire

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© 2024 by S&P Global Inc. All rights reserved. 5

Latin American Wire June 24, 2024

Subscriber Notes Spot Tanker Rates

From To Cargo size (kt) Worldscale $/mt
Clean Medium Range Tankers West of Suez (PGT page 1910)
No Platts Americas oil assessments July 4-5
Mediterranean UK Continent PFADCSZ 30 PFADC10 152.50 TCABA00 20.13
Platts, part of S&P Global Commodity Insights, will Mediterranean US Atlantic Coast PFACWSZ 37 PFACW10 152.50 TCABC00 28.49
not publish any Americas oil assessments July 4 and Mediterranean Mediterranean PFADBSZ 30 PFADB10 142.50 TCAAY00 10.06
UK Continent UK Continent PFALYSZ 22 PFALY00 225.00 TCABV00 14.15
July 5 due to the Independence Day holidays in the US.
UK Continent US Atlantic Coast PFAMASZ 37 PFAMA00 150.00 TCABX00 23.61
Normal Americas publishing schedules will resume UK Continent US Gulf Coast PFAMBSZ 37 PFAMB00 145.00 TCACA00 31.92
on July 8. Black Sea Mediterranean PFABXSZ 30 PFABX00 182.50 TCAAP00 14.91
For full details of Platts publishing schedules and Clean Medium Range Tankers East of Suez (PGT page 2920)
services affected, please refer to the Platts holiday Worldscale
Arab Gulf West Coast India PFABMSZ 35 PFABM10 300.00 TCAAF00 25.71
pricing schedule. Arab Gulf Japan PFABNSZ 35 PFABN10 245.00 TCAAH00 60.69
For any questions or comments, please email: Singapore Japan PFAEBSZ 30 PFAEB10 278.00 TCABP00 33.69
pricegroup@spglobal.com. Lumpsum(‘000)
Singapore Hong Kong PFAKWSZ 30 PFAKW10 770 TCADI00 25.67
Clean Long Range Tankers East of Suez (PGT page 2922)
Platts proposes to update basis for ANS differential
Worldscale
to ICE Brent Arab Gulf Japan PFAEYSZ 55 PFAEY10 238.50 TCAAI00 57.17
Platts, part of S&P Global Commodity Insights, Arab Gulf Japan PFAMTSZ 75 PFAMT00 190.00 TCAAJ00 47.06
proposes to change the basis of the Alaska North Dirty Panamax Tankers Americas (PGT page 1962)
Slope differential to the ICE Brent calendar-month Worldscale
Caribbean US Gulf Coast PFANZSZ 50 PFANZ00 182.50 TDABA00 18.62
average to be the front-month ICE Brent settlement
Dirty Aframax Tankers West of Suez and Americas (PGT pages 1960 and 1962)
during the delivery month, effective Aug. 1. Worldscale
Platts currently publishes ANS as an outright price Caribbean US Atlantic Coast PFALTSZ 70 PFALT10 200.00 TDAAY00 20.56
and as differentials to the NYMEX WTI CMA and the ICE Mediterranean Mediterranean PFAJPSZ 80 PFAJP10 145.00 TDABL00 14.22
Mediterranean US Gulf Coast PFAJOSZ 80 PFAJO10 100.00 TDABU00 25.74
Brent CMA. UK Continent UK Continent PFAKDSZ 80 PFAKD10 157.50 TDACD00 15.55
The proposed change will make the ICE Brent CMA UK Continent US Atlantic Coast PFAKESZ 80 PFAKE10 112.50 TDACG00 19.00
basis the front-month settle of ICE Brent during the Dirty Suezmax Tankers West of Suez (PGT page 1970)
delivery month. For example, in August the front-month Worldscale
West Africa US Gulf Coast PFAIASZ 130 PFAIA10 107.50 TDACV00 26.18
ICE Brent futures will be October and the ICE Brent UK Continent US Gulf Coast PFAHNSZ 135 PFAHN10 82.50 TDACH00 18.29
CMA basis will be the daily settlement of the October Mediterranean US Gulf Coast PFAHGSZ 135 PFAHG10 82.50 TDABS00 21.24
ICE Brent contract. Dirty VLCC Tankers Americas (PGT page 1972)
The ICE Brent CMA basis is currently a weighted Lumpsum(million)
Caribbean China TDAFLSZ 270 TDAFL00 7.95 TDAFK00 29.44
average of the full prompt month futures value during
Caribbean Singapore TDAFNSZ 270 TDAFN00 6.95 TDAFM00 25.74
the delivery month and one day of the following month Caribbean West Coast India TDAFPSZ 270 TDAFP00 6.95 TDAFO00 25.74
to exclude using expiration day of the prompt-month Dirty Aframax Tankers East of Suez (PGT page 2970)
futures. Currently the values of those futures months Worldscale
come from Platts’ assessments of those futures Arab Gulf East PFAJDSZ 80 PFAJD10 189.50 TDAAC00 39.00
Dirty VLCC Tankers East of Suez (PGT page 2980)
contracts, not the settlement.
Worldscale
There will be no change to the calculated basis Arab Gulf Far East PFAOCSZ 270 PFAOC00 47.75 TDAAB00 11.14
of the WTI CMA basis. The WTI CMA is calculated Arab Gulf US Gulf Coast PFAOGSZ 280 PFAOG00 31.00 TDAAN00 13.63
from a weighted average of the settles from the two

© 2024 by S&P Global Inc. All rights reserved. 6

Latin American Wire June 24, 2024

Latin America Import Parity Prices Weekly Averages

front-month contracts during the delivery month. For
$/barrel Change
example, in August the front-month WTI contracts are Peru (PGA page 171)
September and October NYMEX WTI. Diesel Peru AULSA04 112.978 +5.734
Jet Peru AJETA04 118.150 +5.986
This change would more closely align pricing for the Gasoline Peru AGASA04 103.378 +3.202
ANS differential with market norms. Columbia (PGA page 171)
Diesel Columbia ACOLA04 104.388 +4.542
There would be no change to the name or Jet Columbia ACOLC04 109.940 +4.858
Gasoline Columbia ACOLB04 98.643 +2.091
appearance of the assessments in pages or $/barrel Change R$/cu m* Change
publications. Brazil (PGA page 168)
ULSD S10 Manaus 112.47 +5.51 3841.80 +230.47
ANS is published as an outright price under the ULSD S10 Itaqui
BUMAA04
BUITD04 113.70 +6.13
BUMAB04
BUITE04 3883.76 +252.03
code PCAAD00 and the ICE Brent CMA differential ULSD S10 Suape BUSUD04 112.31 +5.86 BUSUE04 3836.29 +242.36
ULSD S10 Aratu BUARD04 113.89 +6.18 BUARE04 3890.34 +253.85
is published under code AANSA00. The assessment ULSD S10 Santos BUSAD04 114.06 +6.32 BUSAE04 3896.06 +258.15
appears on Platts Global Alert pages 210 and 214, and ULSD S10 Paranagua BUPAD04 114.82 +6.42 BUPAE04 3922.09 +262.25
ULSD S10 Tramandai BUTRA04 114.46 +6.42 BUTRB04 3909.70 +262.18
in the publications North American Crude & Products ULSD S10 Guamare BUGUA04 117.06 +5.86 BUGUB04 3998.55 +244.25
ULSD S10 Duque de Caxias 119.61 +6.31 4085.52 +260.34
Scan, Oilgram Price Report and Latin Wire. ULSD S10 Betim
BUDEA04
BUBTA04 120.25 +6.31
BUDEB04
BUBTB04 4107.33 +260.59
Please send any comments or feedback ULSD S10 Cubatao BUCUA04 115.12 +6.31 BUCUB04 3932.24 +258.56
ULSD S10 Maua BUMUA04 115.66 +6.31 BUMUB04 3950.47 +258.78
to americas_crude@spglobal.com and ULSD S10 Paulinia BUPLU04 116.96 +6.31 BUPLB04 3995.09 +259.30
pricegroup@spglobal.com by July 1. ULSD S10 Sao Jose dos Campos BUSJA04 116.55 +6.31 BUSJB04 3980.81 +259.13
ULSD S10 Araucaria BUAUA04 116.65 +6.42 BUAUB04 3984.61 +262.98
For written comments, please provide a clear ULSD S10 Canoas BUCNA04 116.29 +6.43 BUCNB04 3972.00 +262.90
Jet Manaus 117.70 +5.78 4020.38 +241.46
indication if comments are not intended for publication Jet Itaqui
BJMAA04
BJADB04 118.88 +6.36
BJMAB04
BJAEB04 4060.52 +261.79
by Platts for public viewing. Jet Suape BJADE04 117.55 +6.11 BJAEE04 4015.18 +252.67
Jet Aratu BJADA04 119.06 +6.41 BJAEA04 4066.72 +263.50
Platts will consider all comments received and will Jet Santos BJADD04 119.20 +6.53 BJAED04 4071.55 +267.55
make comments not marked as confidential available Jet Paranagua BJADC04 119.94 +6.64 BJAEC04 4096.67 +271.43
Jet Tramandai BJTRA04 119.58 +6.64 BJTRB04 4084.41 +271.36
upon request. Jet Guamare BJGUA04 122.30 +6.11 BJGUB04 4177.44 +254.55
Jet Duque de Caxias BJDEA04 124.75 +6.53 BJDEB04 4261.01 +269.74
Jet Betim BJBTA04 125.39 +6.53 BJBTB04 4282.82 +270.00
Jet Cubatao BJCUA04 120.26 +6.53 BJCUB04 4107.72 +267.97
Jet Maua BJMUA04 120.79 +6.53 BJMUB04 4125.96 +268.18
Jet Paulinia BJPLU04 122.10 +6.53 BJPLB04 4170.57 +268.70
Jet Sao Jose dos Campos BJSJA04 121.68 +6.53 BJSJB04 4156.30 +268.54
Jet Araucaria BJAUA04 121.77 +6.64 BJAUB04 4159.18 +272.15
Jet Canoas BJCNA04 121.40 +6.64 BJCNB04 4146.71 +272.07
Gasoline Manaus BGMAA04 88.82 +0.50 BGMAB04 3034.06 +52.33
Gasoline Itaqui BGITC04 88.98 +0.47 BGITD04 3039.42 +51.19
Gasoline Suape BGSUC04 88.54 +0.44 BGSUD04 3024.44 +49.86
Gasoline Aratu BGARC04 89.15 +0.51 BGARD04 3045.05 +52.75
Gasoline Santos BGSAC04 89.19 +0.61 BGSAD04 3046.46 +55.90
Gasoline Paranagua BGPAC04 89.51 +0.61 BGPAD04 3057.47 +56.16
Gasoline Tramandai BGTRA04 89.82 +0.78 BGTRB04 3068.15 +61.92
Gasoline Guamare BGGUA04 93.30 +0.44 BGGUB04 3186.71 +51.74
Gasoline Duque de Caxias BGDEA04 94.74 +0.61 BGDEB04 3235.92 +58.09
Gasoline Betim BGBTA04 95.37 +0.61 BGBTB04 3257.73 +58.35
Gasoline Cubatao BGCUA04 90.25 +0.61 BGCUB04 3082.63 +56.32
Gasoline Maua BGMUA04 90.78 +0.61 BGMUB04 3100.87 +56.53
Gasoline Paulinia BGPLU04 92.09 +0.61 BGPLB04 3145.49 +57.05
Gasoline Sao Jose dos Campos BGSJA04 91.67 +0.61 BGSJB04 3131.21 +56.88
Gasoline Araucaria BGAUA04 91.34 +0.61 BGAUB04 3119.99 +56.88
Gasoline Canoas BGCNA04 91.65 +0.78 BGCNB04 3130.45 +62.64
$/mt Change R$/kg Change
LPG Suape** BLSUC04 549.86 +5.65 BLSUD04 2.99 +0.07
LPG Santos** BLSAC04 557.62 +4.31 BLSAD04 3.03 +0.06
*Brazilian real per cubic meter. **LPG refers to a mix of 70% propane and 30% butane.

© 2024 by S&P Global Inc. All rights reserved. 7

Latin American Wire June 24, 2024

Commodity Insights Analytics Yields & Netbacks, Effective June 24, 2024 ($/barrel)
US Gulf Coast (PGA page 833) US Gulf Coast (PGA page 841)

Crack Yield Freight Crack Netback Crude Price Crack Margin Coke Yield Coke Freight Coke Netback Crude Price Coke Margin
Agbami AGGCY00 93.88 AGGFA00 3.45 AGGCN00 90.43 AAQZB00 83.01 AGGCM00 6.32
Arab Berri BEGCY00 93.77 TDDAC00 1.32 BEGCN00 92.45 AAXCT00 90.68 BEGCM00 1.77
Arab Heavy AHGCY00 85.97 TDDAJ00 1.39 AHGCN00 84.59 AAXDI00 88.78 AHGCM00 -4.19 Arab Heavy AHGOY00 90.15 TDDAJ00 1.39 AHGON00 88.76 AAXDI00 88.78 AHGOM00 -0.02
Arab Light LIGCY00 91.51 TDDAR00 1.35 LIGCN00 90.16 AAXCU00 88.43 LIGCM00 1.73 Arab Light LIGOY00 92.81 TDDAR00 1.35 LIGON00 91.46 AAXCU00 88.43 LIGOM00 3.03
Arab Medium MEGCY00 87.27 TDDAZ00 1.35 MEGCN00 85.92 AAXDN00 89.13 MEGCM00 -3.21 Arab Medium MEGOY00 89.53 TDDAZ00 1.35 MEGON00 88.18 AAXDN00 89.13 MEGOM00 -0.95
Bakken BKGCY00 93.88 TDDRP00 7.78 BKGCN00 86.10 AAXPP00 77.27 BKGCM00 8.83
Basrah Heavy BHGOY00 86.44 BHGFA00 2.35 BHGON00 84.09 AALZC00 82.22 BHGOM00 4.23
Basrah Medium BLGCY00 85.45 TDDBS00 2.26 BLGCN00 83.20 BSMAM01 85.07 BLGCM00 -0.82 Basrah Medium BLGOY00 88.88 TDDBS00 2.26 BLGON00 86.62 BSMAM01 85.07 BLGOM00 2.60
Bonny Light YLGCY00 96.40 TDDBX00 3.77 YLGCN00 92.63 PCAIC00 86.06 YLGCM00 5.47
Brent BRGCY00 94.15 TDDCB00 3.12 BRGCN00 91.04 AAVJA00 87.43 BRGCM00 2.50
Cabinda CBGCY00 93.31 TDDCF00 4.06 CBGCN00 89.25 PCAFD00 86.56 CBGCM00 1.59 Cabinda CBGOY00 91.97 TDDCF00 4.06 CBGON00 87.91 PCAFD00 86.56 CBGOM00 0.25
Castilla Blend CSGOY00 85.87 CSGFA00 3.15 CSGON00 82.72 AAVEQ00 75.81 CSGOM00 6.92
Eagle Ford EAGCY00 94.71 AAYAT00 83.20 EAGCM00 11.51
Escalante ECGCY00 90.54 TDDCV00 5.68 ECGCN00 84.86 PCAGC00 80.56 ECGCM00 3.32
Forties FTGCY00 93.26 FTGFA00 2.85 FTGCN00 90.41 PCADJ00 87.39 FTGCM00 1.91
Isthmus ISGCY00 92.52 TDDDJ00 1.90 ISGCN00 90.62 PDATO09 80.40 ISGCM00 10.22
LLS LLGCY00 96.34 TDDQW00 0.55 LLGCN00 95.79 PCABN00 85.68 LLGCM00 10.11 LLS LLGOY00 95.71 TDDQW00 0.55 LLGON00 95.16 PCABN00 85.68 LLGOM00 9.48
Mars MRGCY00 89.51 TDDQY00 0.55 MRGCN00 88.96 AAMBR00 83.68 MRGCM00 5.28 Mars MRGOY00 91.53 TDDQY00 0.55 MRGON00 90.98 AAMBR00 83.68 MRGOM00 7.30
Maya MYGCY00 78.83 TDDDP00 2.00 MYGCN00 76.83 PDATS09 74.35 MYGCM00 2.48 Maya MYGOY00 86.93 TDDDP00 2.00 MYGON00 84.93 PDATS09 74.35 MYGOM00 10.58
Napo NPGOY00 84.31 NPGFA00 4.09 NPGON00 80.23 AAMCA00 73.44 NPGOM00 5.92
Olmeca OLGCY00 93.97 TDDDY00 1.95 OLGCN00 92.01 PDATT09 82.90 OLGCM00 9.11
Oriente ORGOY00 89.74 ORGFA00 3.86 ORGON00 85.88 PCADE00 75.74 ORGOM00 9.32
Poseidon PDGCY00 90.11 PDGFA00 0.00 PDGCN00 90.11 AABHK00 83.13 PDGCM00 6.98
Saharan Blend SHGCY00 94.00 TDDRD00 2.53 SHGCN00 91.47 AAGZY00 85.13 SHGCM00 5.24
Syncrude SYGCY00 96.24 SYGFA00 8.52 SYGCN00 87.72 AASOK00 80.07 SYGCM00 7.65
Urals URGCY00 91.34 TDDFM00 3.33 URGCN00 88.01 AAWVH00 71.49 URGCM00 15.42 Urals URGOY00 92.27 TDDFM00 3.33 URGON00 88.94 AAWVH00 71.49 URGOM00 16.34
Vasconia VCGOY00 93.32 VCGFA00 3.06 VCGON00 90.25 PCAGI00 81.46 VCGOM00 8.80
WCS ex-Hardisty WHGOY00 88.21 TDDRS00 8.50 WHGON00 79.71 AAPPN00 67.52 WHGOM00 12.19
WCS ex-Nederland WNGOY00 88.21 WCGFA00 0.00 WNGON00 88.21 AAYAY00 74.12 WNGOM00 14.09
WTI WTGCY00 94.39 AAYRG00 83.68 WTGCM00 10.71
WTS WSGCY00 91.76 TDDRJ00 6.89 WSGCN00 84.87 PCACK00 83.13 WSGCM00 1.74 WTS WSGOY00 93.74 TDDRJ00 6.89 WSGON00 86.85 PCACK00 83.13 WSGOM00 3.72

US West Coast (PGA page 843) US West Coast (PGA page 841)

Crack Yield Freight Crack Netback Crude Price Crack Margin Coke Yield Freight Coke Netback Crude Price Coke Margin
ANS ANWCY00 102.72 PCAAD00 86.61 ANWCM00 16.11 ANS ANWOY00 103.48 PCAAD00 86.61 ANWOM00 16.87
Arab Light LIWOY00 105.09 TDDAT00 1.35 LIWON00 103.74 AAXCU00 88.43 LIWOM00 15.31
Arab Medium MEWOY00 100.94 TDDBB00 1.35 MEWON00 99.59 AAXDN00 89.13 MEWOM00 10.46
Basrah Heavy BHWOY00 100.39 BHWFA00 2.69 BHWON00 97.69 AALZC00 82.22 BHWOM00 18.81
Basrah Medium BLWOY00 101.72 TDDBW00 2.58 BLWON00 99.14 BSMAM01 85.07 BLWOM00 16.11
Bakken BKWCY00 106.75 TDDRT00 11.74 BKWCN00 95.01 AAXPP00 77.27 BKWCM00 17.74
Castilla Blend CSWOY00 102.59 CSWFA00 5.37 CSWON00 97.22 AAVEQ00 75.81 CSWOM00 20.54
Maya MYWOY00 99.82 MYWFA00 3.13 MYWON00 96.69 AAUPK00 77.55 MYWOM00 19.14
Napo NPWOY00 98.71 NPWFA00 4.73 NPWON00 93.98 AAMCA00 73.44 NPWOM00 19.67
Oriente ORWOY00 102.51 TDDEC00 4.46 ORWON00 98.04 PCADE00 75.74 ORWOM00 21.49
Vasconia VCWOY00 109.48 VCWFA00 5.20 VCWON00 104.28 PCAGI00 81.46 VCWOM00 21.99

© 2024 by S&P Global Inc. All rights reserved. 8

Latin American Wire June 24, 2024

Latin Crude Tenders

Company Buy/Sell Grade Volume (barrels) Loading Awarded to Pricing basis Deadline
Petroperu Buy Various 1,800,000 Aug 1-Sep 30 Front-month ICE Brent; Dated Brent; WTI Cushing; NYMEX WTI 24-Jun
+/- differential
Petroecuador Sell Napo 2,160,000 July 16-31 Front-month NYMEX WTI +/- differential 21-Jun
Petroecuador Sell Oriente 2,160,000 July 19-31 Front-month NYMEX WTI +/- differential 20-Jun
Petroecuador Sell Oriente 3,600,000 June 14-29 Petrochina Front-month NYMEX WTI -$5.47/b 30-May
Petroecuador Sell Napo 1,400,000 June 24-28 Unipec Front-month NYMEX WTI -$6.73/b 31-May
Peroecuador Sell Oriente 4,320,000 May 8-June1 Equinor Front-month NYMEX WTI - $4.94 16-Apr
Peroecuador Sell Napo 720,000 May 28-31 Unipec Front-month NYMEX WTI -$6.88 24-Apr
Petroperu Buy Various 3,240,000 Apr 1-May31 Front-month ICE Brent; Dated Brent; WTI Cushing; NYMEX WTI 14-Feb
+/- differential
Peroecuador Sell Oriente 4,320,000 May-Oct Shell Front-month NYMEX WTI +$1.31 3-Apr
Peroecuador Sell Oriente 6,480,000 May-Oct Petrochina Front-month NYMEX WTI +$6.48 3-Apr
Peroecuador Sell Oriente 3,960,000 Apr 11-30 Shell Front-month NYMEX WTI -$3.78/b 19-Mar
Peroecuador Sell Napo 3,600,000 Apr 8-30 Unipec Front-month NYMEX WTI -$9.09 19-Mar
Peroecuador Sell Napo 1,800,000 Mar 19-27 Unipec Front-month NYMEX WTI -$8.88/b 21-Feb
Peroecuador Sell Oriente 2,160,000 Mar 24-31 Unipec Front-month NYMEX WTI -$5.40 21-Feb
Petroperu Buy Various 1,800,000 Feb 25 to March 31 Front-month ICE Brent; Dated Brent; WTI Cushing; NYMEX WTI 22-Jan
+/- differential
Petroecaudor Sell Oriente 2,520,000 Feb 11-29 Front-month NYMEX WTI -$3.42/b 24-Jan
Peroecuador Sell Napo 2,160,000 Feb 11-29 Front-month NYMEX WTI -$10.28/b 24-Jan
Peroecuador Sell Napo 4,320,000 Mar-Oct Trafigura Front-month NYMEX WTI +$1.26/b 5-Mar

* Spot prices vs. current second-month WTI, FOB; N/R = not reported; Information provided to Platts by market sources.

© 2024 by S&P Global Inc. All rights reserved. 9

Latin American Wire June 24, 2024

Latin Products Tenders

Company Country Deadline Type Product Grade Vol. (Kb) Lading Award Diff. Pricing Basis

Petroecuador Ecuador 6/5/2024 Buy Gasoline 80 RON 1475 July 10-12 NA Platts 87 USGC Unleaded Pipeline
Refidomsa Dominican Republic 5/31/2024 Buy Diesel ULSD 340 June 20-22, July NA Platts ULSD USGC WB
23-25
Petroperu Peru 5/29/2024 Buy Diesel ULSD 320 July 15-31 NA Argus Diesel 62 Colonial Pipeline minus Argus RVO
Cammesa Argentina 5/23/2024 Buy Fuel Oil Fuel Oil 1690 June 3-30, July 15-21 NA Platts USGC FO No. 6
Cammesa Argentina 5/23/2024 Buy Diesel Gasoil 2300 June 3-30, July 1-7 NA NYMEX New York Harbor ULSD futures contract
Ecopetrol Colombia May Buy Gasoline 88 RON 300 June 29-30 NA Platts Unleaded 87 USGC
Ecopetrol Colombia May Buy Gasoline 88 RON or 90 RON 300 June 19-24 NA Platts Unleaded 87 USGC
Ecopetrol Colombia 5/23/2024 Buy Diesel ULSD 300 June 22-26 NA Platts Unleaded 87 USGC
Curoil Curacao 5/22/2024 Buy Jet Fuel Jet A-1 480 July 1-3 NA Platts Jet Kero 54 USGC WB
Refidomsa Dominican Republic 5/16/2024 Buy Diesel ULSD 320 June 10-12, 25-27 NA Platts ULSD USGC WB
Petroecuador Ecuador 5/9/2024 Buy Jet Fuel Jet A-1 90 May 25-27 NA Platts Jet Kero 54 USGC Pipeline
Petroecuador Ecuador 5/8/2024 Buy Gasoline 95 RON 2069 June 6-8 NA Platts Unleaded 87 USGC Pipeline
ANCAP Uruguay May Buy Gasoline Gasoline 126 and April 25-May 7, May Raizen (20 k), YPF (10 +48.00 cpg Platts Unleaded 87 USGC WB
145 7-11 k, 13 k)
ANCAP Uruguay May Buy Diesel ULSD 377 April 25-29, May 8-12, Trafigura +33.50 cpg Platts ULSD USGC WB
May 16-20
Ecopetrol Colombia May Sell Gasoline 88 RON 200 May 24-25 NA Platts Unleaded 87 USGC Pipeline
ANCAP Uruguay 5/3/2024 Sell Gasoline 93 RON or 95 RON 252 May 15-19, May 20-24 NA Platts Unleaded 87 USGC WB
ANCAP Uruguay May Buy Diesel ULSD 377 May 16-19, May 20-30 NA New York Harbor ULSD March Futures
ANCAP Uruguay 4/30/2024 Buy LPG LPG 38 May 5-20 NA Platts Non-LST Mont Belvieu Butane and Propane
ANCAP Uruguay 4/24/2024 Buy Gasoline 95 RON or 94 RON 128 and 63 April 25-May 7, May Raizen, YPF +48.00 cpg Platts Unleaded 87 USGC WB
and 82 7-11.
Ecopetrol Colombia 4/25/2024 Buy Gasoline 92 RON or 90 RON 330 May 23-28 NA Platts Unleaded 87 USGC Pipeline
ANCAP Uruguay 4/23/2024 Buy Jet Fuel Jet A-1 101 May 9-13, May 15-19 Trafigura +1.10 dpb Platts Jet Kero 54 USGC WB
Petroecuador Ecuador April Buy Diesel Diesel Premium 3640 June 3-5 NA Platts ULSD USGC Pipeline
Petroecuador Ecuador 4/23/2024 Buy Diesel Diesel Premium 2240 May 25-27 BB Energy +3.96 dpb Platts ULSD USGC Pipeline
Ecopetrol Colombia 4/17/2024 Buy Gasoline 90 RON or 92 RON 330 May 15-20 NA Platts Unleaded 87 USGC Pipeline
Petroperu Peru 4/15/2024 Buy Gasoline Naphtha 320 and June 10-15 NA NA
282 and 38
Ecopetrol Colombia 4/12/2024 Buy Gasoline 90 RON or 92 RON 330 May 8-13 NA Platts Unleaded 87 USGC Pipeline
Petroperu Peru 4/11/2024 Sell Fuel Oil Fuel Oil 200 and April 22-24 NA Platts HSFO USGC
100
PMI Mexico 4/9/2024 Sell Fuel Oil Fuel Oil 330 April 13-15 NA Platts HSFO USGC
Recope Costa Rica 4/4/2024 Buy Asphalt Asphalt 130 May to June NA Poten & Partners, Gulf Coast/mid South
Petroperu Peru 4/4/2024 Buy Diesel ULSD 960 May 5-9, May 25-June NA Argus Mean Diesel 62 Colonial Pipeline
10, June 15-30
Refidomsa Dominican Republic 4/3/2024 Buy Diesel ULSD 480 April 15-17, May 2-4 NA Platts ULSD USGC WB Mid
and May 23-25
Petroperu Peru 4/3/2024 Buy Jet Fuel Avgas 5 June NA Argus Gasoline 93 Colonial
Petroperu Peru 3/26/2024 Sell Fuel Oil Fuel Oil 200 April 8-10 NA Platts HSFO USGC

*Information provided to S&P Global Commodity Insights by market sources.

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