Primary Vision Insights – July 6th, 2020

Primary Vision Insights – July 6th, 2020

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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