Midstream Making Sense of Ongoing Coronavirus Shockwaves

摘要

On Easter Sunday when all of America's churches were silent, President Trump, who earlier had wished they could be filled with worshipers, was helping broker a final oil production agreement among nearly two dozen producing nations as a way of easing the global glut of crude at a time when the coronavirus (COVID-19) had eliminated millions of barrels of daily demand. For the American leader it was a significant move globally and domestically to help heal a U.S. economy that had been brought to a standstill by COVID-19 mitigation measures. If them was ever a clear intersection between COVID-19 and a shocked oil and natural gas sector, it was this unexpected milestone that ended an oil price war between Russia and Saudi Arabia. How far that will go toward easing the malaise in the U.S. oil patch was not clear in April when this report was being put together, and national, state and local government and public health professionals were trying to reign in the virus.