Insight
COVID-19: How bad can it get for refiners?
Report summary
Nobody is driving, businesses are not running, no one needs gasoline and it could get a lot worse. Refiners worldwide are considering cuts as demand continues to decrease, and the US refining sector is no exception. With gasoline storage relatively scarce compared to crude storage, cracks and margins have decreased fast. How deep can refiners cut and will it be enough to bring gasoline back from the brink?
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