By Mark Rossano
Summary
- U.S. Energy Update
- Refinery Margins and Pricing Limits Runs Through Summer
- Storage Levels and Limited Exports Remain Headwinds
- Economic Data and Shipping Point to Some Recovery but COVID Increases Make it Short lived
- China Data Showing More Trouble Ahead
- Global Economic Stress isn’t Going Away
- India Data Improved but will Plateau at Current Levels
- OPEC+ Update- Saudi Rhetoric Increases Against Cheaters
- China and India Remain at the Brink of a Bigger Conflict
- Libya Starts to Show Signs of Life- Production Increasing
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