JPMorgan’s Kemery Says OPEC Deal Extension Is Likely

The video discusses the gasoline market, focusing on refinery runs, demand trends, and price elasticity. It highlights the impact of potential gasoline taxes and examines refining margins and inventory levels. The discussion also covers OPEC's production cuts and their implications for the market, with a focus on inventory normalization and the role of Russia in extending production cuts.

What factors are contributing to the current state of refinery runs in the gasoline market?

How has gasoline demand changed compared to last year, and what are the expected trends moving forward?

What are the implications of the current gasoline price elasticities on consumer behavior?

What impact could a gasoline tax proposed by President Trump have on consumer demand?

Discuss the potential outcomes of OPEC's decision to extend production cuts.