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Baker & O'Brien Releases First Quarter 2020 PRISM Newsletter - U.S. Refining Margins Driven Downward by Coronavirus Impact

Special Topic: Demand shock: are merchant refiners feeling more pain than the rest of the industry?

May 8, 2020

Baker & O'Brien’s first quarter 2020 PRISM analysis reflects the beginning of the impact from the Covid-19 outbreak and shows a decline in U.S. refining margins compared to the prior quarter.   Our Special Topic discusses the associated large decline in U.S. refined product demand following the outbreak by asking: are merchant refiners feeling more pain than the rest of the industry?

 The complete newsletter can be found here:  U.S. PRISM Newsletter - May 2020