Released earlier this week, the EIA’s Shot Term Energy Outlook is one of three monthly reports that are widely reported (OPEC and IEA are the others)… Here are some charts included in April’s release, here….
The EIA is looking for a balanced market going forward (option vol was around 50% coming into the year, now is in the low 20’s)…
Refiners have been slow coming out of maintenance and gasoline demand has held up well, supporting gas cracks:
Diesel cracks have moved sharply lower from high levels:
In late 2020, the US is expected to become a net exporter of crude oil and liquid fuels: