Primary Vision Insights – April 27th, 2020

Primary Vision Insights – April 27th, 2020

By Mark Rossano

Sections:

  • U.S Frac Spread Count to Fall Below 100
  • U.S. Remains Flooded with Crude- June to Go Negative
  • PADD 3 and EIA Data Coming into Greater Focus as Tank Tops Getting Hit
  • U.S. WTI June Futures Heading to $-3 and Brent to $7: Break Down of U.S. Tank Space
  • China Refined Product Exports Surge into a Massive Oversupply
  • Price War Continues Away from the Screens
  • Crude and Product Glut to Continue as the Terrible Economic Backdrop Comes to Light
  • Terrible Economic Data Only Made Worse by Rising Food Inflation/ Crop Damage/ Shuttered Facilities
  • Quick Geo-Political Round-Up
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