| Region | Base | Shock Δ | Post |
|---|
• Latin America: Heavily reliant on US Gulf Coast clean product exports (70%+ import share). Depletion rate is fastest (-5.8 days).
• US East Coast (PADD 1): Pipeline and waterborne deliveries bottlenecked; regional inventories drop by 4.2 days.
• Europe: Diesel-short post-Russian sanctions; reliant on US sweet middle distillates; reserves decline by 2.1 days.