By Mark Rossano

Sections:

• U.S. Production Levels and Frac Spread Counts
• Gasoline Demand Levels- will remain impacted throughout the remainder of the year
• Industrial Production Will Struggle for the Foreseeable Future
• U.S. Unemployment hasn’t Bottomed as the Second Wave of Reductions Roll Through
• Refined Product Gluts Accelerate Globally
• OPEC+ Meeting and Production Levels- Extension of One Month Likely Even While Cheating Persists
• European Economic Data Improves From Terrible to Bad
• Weak Global Economic Data Will Weigh on Exports and Global Manufacturing
• China National People’s Congress Review
• U.S.-China Trade War Starting to Heat Up (or Cool Off into an Escalating Cold War)
• The PLA Makes Moves Across the Asian Continent

• U.S. Production Levels and Frac Spread Counts