Primary Vision Insights – May 26th, 2020

Primary Vision Insights – May 26th, 2020

By Mark Rossano

Sections

  • Introduction
  • Overview of Frac Spread Activity in the U.S.
  • A Quick Run Down of Builds Throughout the U.S. Complex
  • Implied Demand will Struggle as Spending Patterns/ Exports/ Travel Change
  • European Flows Struggle as Imports from the U.S. Lag and Trapped Cargoes Linger on the East Coast and in Africa
  • Physical Crude Prices Have Surged Impacting Refinery Demand as Margins are Compressed
  • Three Key Storage Locations Show the Pace has Slowed, But Builds Continue to Mount
  • May/June Loading Trends are Supportive of Near-Term Pricing
  • India Recovery will be Slow- Limiting Crude Coming Off the Water
  • There is no spoon
  • OPEC Countries Struggle Under the Weight of Weak Oil Prices and Low Volumes
  • Global Debt and Weak Export/Shipping Debt Will Be a Huge Headwind
  • Debt Levels Mount as Countries Announce New Stimulus Packages
  • Geo-political Issues are Starting to Resurface as Countries Come Out of Lockdown
This content has been restricted to logged in users only. Please login or register to view this content.