Released September 17, 2020 | 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.
Click here for the market scorecard PDF.
Industrial Info's global research teams are committed to confirming and reporting on the ongoing changes related to current market disruptions and how they are impacting project schedules.
We have created two searches to assist you in quickly identifying projects and unit offline events that have been impacted or delayed as a result of COVID-19.
Please use the links below to run each query. Details will be limited to your IIR subscription.
For projects confirmed to have been impacted, click here.
For offline events that have been impacted, click here.
We encourage you to visit these links daily, as our research teams are constantly releasing updates.
We also believe there are many projects moving forward as scheduled. Please use your PECWeb subscription to identify new opportunities through your latest updates widget or use this link to find new projects that have been released since March 16: Click here.
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.
Wednesday, September 16th, 2020:
| Event | MarCon* | IIR Comment | IIR Links | Outlet |
| Saudi Aramco does the opposite it planned to do... Keep on pumpin' |  |
Shortly before the pandemic tore through the energy industry, Saudi Arabia had plans to reduce its dependency on its massive oil reserves, noting that it was its main, if not only, industry. Since then, Saudi Aramco has slowed down diversification plans amid industry downturn. | Saudi Aramco Moves Ahead with CRPO 57 Project | Financial Times |
| Reform hopes rise as China focuses on inward economic shift |  |
Chinese reform advocates eagerly await Xi Jingping's proposed new economic model for the CCP. Part of this model is "... a 'dual circulation' strategy for the next phase of economic development in which China will rely mainly on 'domestic circulation' - an internal cycle of production, distribution and consumption." | Saudi Arabia to Lower Crude Prices for Asia | Reuters |
| Second wave of floating storage triggered by ailing oil market |  |
Floating storage continues to be a major lifeline for the oil industry where supply continues to outpace demand. | South Asia Sees $649 Million in Terminal Expansions | Reuters |
| Oil market buckles under pressure of pandemic's second wave | |
"In recent days, crude has suffered a double whammy from both its largest importer and exporter. Customs data from China show that the nation's imports in August fell for a second month, to the equivalent of 11.2 million barrels a day, after reaching a record in June. In addition, private refiners may see their purchases drop by as much as 40% in September and October as state-issued allowances decline." | China Emerges as Top Saudi Oil Customer for June | Bloomberg |
| Poland plans $40bn nuclear push to cut reliance on coal |  |
74% of Poland's electricity generation is directly related to coal. This is most likely due to the fact that it doesn't have a nuclear power plant (yet) and its reliance on Russian pipelines which are often affected by geopolitical conflicts. | Polish Government Plans to Support Offshore Wind Development | Financial Times |
| Week 09/09/2020 - 09/16//2020: | |
Free Fallin'. Saudi's MBS attempted to re-invent the kingdom's economy, albeit unsuccessfully in these COVID times, through diversification measures. Now it intends to keep on pumpin' crude in these over-supplied markets and try (mostly in vain) to play a heavy on OPEC members who do not comply. Meaning the "crude-flooded" world is getting ready for a second round of floating storage, unable to turn to the Middle Kingdom as the "world's savior," sopping up excess barrels. China is now looking inward for future economic development, looking to further decouple from markets -- especially the US. All of this as the Northern Hemisphere prepares for a COVID second wave. | ||
Click here for the market scorecard PDF.
Industrial Info's global research teams are committed to confirming and reporting on the ongoing changes related to current market disruptions and how they are impacting project schedules.
We have created two searches to assist you in quickly identifying projects and unit offline events that have been impacted or delayed as a result of COVID-19.
Please use the links below to run each query. Details will be limited to your IIR subscription.
For projects confirmed to have been impacted, click here.
For offline events that have been impacted, click here.
We encourage you to visit these links daily, as our research teams are constantly releasing updates.
We also believe there are many projects moving forward as scheduled. Please use your PECWeb subscription to identify new opportunities through your latest updates widget or use this link to find new projects that have been released since March 16: Click here.
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.
