Published on Tuesday, March 31 2020
Authors: Robert Auers and John Auers

The drastic lockdown measures being employed to stop the spread of the COVID-19 virus is resulting in a drop in petroleum product demand that is unprecedented in both magnitude and speed.  With no place to sell their products, refiners are scrambling to cut throughputs.  This is resulting in the “End…

Published on Tuesday, March 24 2020
Authors: John Auers and Robert Auers

The COVID-19 pandemic and Saudi/Russia oil war has so dramatically changed the world and in such a short time, that Jethro Tull’s late 60’s classic, “A New Day Yesterday” seems entirely appropriate to describe the radically different outlook for the petroleum industry that prevails today than just a couple weeks…

Published on Tuesday, March 17 2020
Authors: By Robert Auers and John Auers

The dramatic events of the last week and a half have thrown the entire world and each of our individual lives into very unpredictable and scary territory.  This is certainly true for the petroleum industry as well, which has seen oil prices, product demand (both actual and expected), and company…

Published on Tuesday, March 10 2020
Authors: Robert Auers

The past several years had already been a difficult period for the midstream world (in terms of equity performance), but the past few weeks have been particularly harsh. Yesterday’s oil price crash as a result of the Russian/Saudi tit for tat (piling on to the growing COVID-19 fears) has put…