Latin America Gasoline Demand Sustains Trade Flow

Robust gasoline demand in Mexico will sustain the need for imports at last year’s levels through 2018, despite some recovery in Mexico refinery runs. Demand will grow by 20,000 b/d this year to reach 790,000 b/d. For the region as a whole, demand will remain flat at 2.6 million b/d, with contractions in Brazil, Venezuela, and the Caribbean offsetting Mexico’s growth.