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

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?