This monthly update incorporates crude runs, refining yields and product-by-product supply-demand balances through to end-2025 for Latin America. Within the downloads section, you will find the excel balances for: Argentina, Brazil, Colombia, Venezuela, Other Latam, West Latam and Total Latam. Written reports have now changed from regional to commodity focus. Consequently, we have relocated these reports and they can be downloaded from the monthly Global product markets outlook page. On the last working day of the month, country and regional balances will be published in excel format by close of business in Houston. On the first working day of the month, our Prices & Margins will be published in excel format by close of business in Houston.