Crude Oil Imports into China jumped up 13% from April to a near-record high of 11.11 million BDP. Despite this, oil’s recovery from the market crash is being frustrated by a standoff between Saudi Arabia, Iraq, and Russia. To add to the chaos, civil unrest across America is adding to the damage done from the Coronavirus Pandemic creating a high risk for a second wave of infections. US Diesel demand fell to a 21-year low and gasoline stockpiles swelled suggesting that fuel consumption isn’t recovering at the rate originally anticipated.