U.S. Diesel Export Ban Would Hit Latin America Hardest: Goldman

U.S. Diesel Export Ban Would Hit Latin America Hardest: Goldman

A potential ban on exports of diesel fuel from the United States would affect Latin America the most, Goldman Sachs has said, despite reports that the pain from such a ban would be the greatest for Europe. U.S. diesel imports cover as much as 50% of the fuel’s consumption across Mexico, Ecuador, Chile, and Peru, the investment bank said in a note quoted by Reuters, which makes these countries very vulnerable to a suspension in shipments abroad. “Supply will likely adjust quickly given the global nature of diesel markets, so in practice…