Released November 20, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies.
IIR's Market Scorecard gives you the breaking news headlines from around the world, along with the directional impact to commodities, with expert indicators, and live links to IIR key research so you instantly have the details you need and make the right decisions.
For more information email us: iirteam@iirenergy.com.
For more information email us: iirteam@iirenergy.com.
Click here for the market scorecard PDF.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
IIR's Market Scorecard gives you the breaking news headlines from around the world, along with the directional impact to commodities, with expert indicators, and live links to IIR key research so you instantly have the details you need and make the right decisions.
For more information email us: iirteam@iirenergy.com.
| Event | MarCon* | IIR Comment | IIR Links | Outlet |
| IEA: OPEC faces "major challenge" in 2020 |  |
The IEA reports weak demand and rising non-OPEC supply will present a major challenge to OPEC next year. Non-OPEC supply could grow by 2.3 mb/d in 2020, higher than the 1.8 mb/d this year. As a result, demand for OPEC's oil will decline by around 1 mb/d. | Surging U.S. Oil Production Overwhelms OPEC+ Production Cuts | Economic Times |
| As IMO 2020 restrictions approach, shipping companies are not prepared for these new regulations |  |
Despite the IMO 2020 restrictions having been revised in 2017, relatively few shipping companies have adapted to less sulfur-heavy fuel. | EIA: IMO Marine Fuel Regulations Pose Challenge to Refineries | Financial Times |
| US shale investments to hit sharp decline in 2020 | |
The trend continues in the US shale market. Production cuts, slowing investments, and even declining futures in the commodity market are all too common now, following abundant oil supply and lack of demand. | As Oil & Gas Sector Consolidates, Will New Business Models Emerge? | Reuters |
| European Investment bank ends lending to fossil fuels | |
EIB, the world's largest multilateral lender, signals how committed it is to the European Green New Deal, as it will no longer lend to fossil-fuel-related investments. | Scotland Bans Shale Gas Fracking | WSJ |
| Weekly Recap: 11/11-11/15 |  |
Weak Demand 2019, Weaker Demand 2020, and Growing Supply 2020 -- These are not the words bullish oil traders wish to hear. Prices are on the mat on a six count. Will something happen, or are the bulls going to tap out? Financing should give the bulls a lifeline. | ||
| *MarCon (Market Condition 1-5) indicates directional bias or price effect for the relevant commodity (Oil, Natural Gas, Chemicals, etc.) and is graded by our team of experts here at IIR. | ||||
For more information email us: iirteam@iirenergy.com.
Click here for the market scorecard PDF.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
