More than $3 Billion in LNG Regasification Projects Affected by COVID-19 in Europe, Asia

As of late May, exports from U.S. liquefied natural gas (LNG) plants were down by a third, and more than 20 cargoes had been cancelled by buyers in Europe and Asia for June and July, with more expected. Earlier this month, data provider Refinitiv, in a preliminary report estimated that the amount of natural gas flowing to U.S. LNG plants was on track to fall to a nine-month record low of 4.3 billion cubic feet (Bcf/d) per day, down from a record 9.5 Bcf/d in late March.

Five States See Highest Jump in Unemployment Claim Rates Amid COVID-19, Face $32.5 Billion in Project Delays

As reported COVID-19 cases in the U.S. near 2 million, states are winding down restrictions and allowing many businesses to reopen. But unemployment remains a serious concern across the country. Using data from the U.S. Department of Labor, a financial advisory website found that five states saw the strongest jumps, by rate, in unemployment claims from May 25 to June 4: Florida, Georgia, Oklahoma, Mississippi and Maine.

IIR Mid-Year Webinar: North America Food & Beverage Industry Outlook Remains Positive Despite COVID-19, Economic Shock

Despite the battering it took from the COVID-19 pandemic and the subsequent seismic shock to the economy, the outlook for U.S. and Canadian Food & Beverage Industry project activity remains positive for the rest of this year, according to Industrial Info’s 2020 Industrial Market Outlook Mid-Year Update.

Join Industrial Info for a Webinar on the Global Outlook for the Petroleum Refining Industry

Industrial Info is pleased to be presenting a complimentary webinar on the outlook for the global Petroleum Refining Industry on Wednesday, July 15, at 10 a.m. CDT (11 a.m. EDT).

Upcoming Events

Industrial Info Resources is pleased to present our upcoming market outlook schedule focusing on our core industries. Click below to learn more about upcoming events that Industrial Info will be hosting.