A Wrinkle in Time – How COVID-19 Has Changed the Face of US Refining, for Now

Never in history has the gasoline and distillate markets diverged as much as in this moment -one of the unintended consequences of the COVID-19 pandemic- and the refining sector is at center stage. Refinery yields for gasoline and diesel have been modified in a manner not seen before, and there is more than one reason behind this large shift. As of today, refinery product yields look more like Europe, rather than those of a typical US driving season. This is the result of operational changes underpinned by new social dynamics coupled with a more diverse crude slate that allows for more atmospheric diesel and gasoil streams – resulting in additional operational flexibility that benefits higher diesel yields...

Read more in this exclusive weekly report.


This weekly report is an excerpt from our Short-Term Outlook service analysis, which covers a period of eight quarters and provides monthly forecasts for crude oil, natural gas, NGL, refined products, base petrochemicals and biofuels.  Contact Jaime Brito (+1.713-377-0706 or E-mail) for the detailed analysis or for more information about the Short Term Outlook.
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