MPLX Cancels Permian Pipeline, Ford Halts Plant Expansion as COVID-19 Delays Mount

SUGAR LAND--May 7, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--As U.S. officials grapple with the ever-growing list of COVID-19 cases, industrial leaders are conveying uncertainty as to how truly long-lasting the impact will be on the markets. This list of project delays and cancellations is growing at a fast pace, even in recently prosperous places like the Permian Basin. Industrial Info is tracking about $900 billion in active projects worldwide that have been delayed or otherwise affected by COVID-19, including nearly $170 billion worth in the U.S.

Within this article: Details on how U.S. industrial leaders such as Royal Dutch Shell plc (NYSE:RDS.A), Ford Motor Company (NYSE:F), MPLX LP (NYSE:MPLX), Cheniere Energy Incorporated (NYSE:LNG) and Nucor Corporation (NYSE:NUE) are handling their delayed or canceled projects as the near-term outlook worsens.