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Diesel, gasoline cracks attract VGO to US Gulf Coast despite backlog

With Jeff Bair

January 28, 2016 05:00:48 EST (3:14)

The US is frequently seen as a "giant maw" ready to gobble up vacuum gasoil produced in other regions, like Europe, but recent market softness has proven otherwise. Jeff Bair looks at how the VGO cash market in Houston has changed over recent months, as well as how many cargoes of VGO are expected to land in Texas and Louisiana in the coming weeks and what could affect the absorption of the imports.

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