IIR's April 15 Market Scorecard Brings You Breaking Geopolitical News

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Researched by Industrial Info Resources (Sugar Land, Texas)--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.

Event	MarCon*	IIR Comment	IIR Links	Outlet
Saudi Arabia, Russia agree to cuts, although market experts say not enough		Though a boon to a vastly oversupplied market amidst COVID-19-driven erosion of hydrocarbon demand; market experts weigh in on why the recent OPEC+ 10 million BBL/d cut just is not going to be enough to truly establish near-time price support.	IEA: Oil Industry Experiencing 'Shock Like No Other'	Al Arabiya
Saudi energy minister says effective cuts above 19 million BBL/d		The Saudi energy minister announces effective oil cuts above 19 million BBL/d when one accounts for the OPEC+ reduction pact, pledges by G20 nations, as well as oil purchases into reserves. Some reductions in production to stay in place until April 2022.	Refiners Hope Virtual OPEC + Conference Will Resolve Uncertainty, an Industrial Info Market Brief	Reuters
Product cuts still not going to save traders from storage squeeze		Even the Middle East's main oil-trading hub - Fujairah - has run out of room to store oil; and the U.S. will be full up by mid-May, some experts project.	Epic Midstream Delays Bringing Terminals Online due to COVID-19, an Industrial Info Market Brief	World Oil
Analysts predict container-shipping companies could lose between $800 million to $23 billion this year		Same story, different industry: as cities worldwide are on lockdown, the economic slowdown will certainly impact how many goods are moved around the world. Analysts predict an overall decrease of 10% for container shipping demand.	India Imposes 14-Day Quarantine on Vessels from COVID-19-Affected Countries, an Industrial Info Market Brief	WSJ
China will reshuffle its state-owned oil companies		China's largest companies, Sinopec, CNPC and CNOOC, will hand over some of their assets and most of their pipelines to create "China Oil & Gas Piping Network Corporation." The state claims that this will allow oil companies to be more effective and focus on more exploration projects instead.	China's Crude Oil Output up 3.7% in First Two Months of 2020, an Industrial Info Market Brief	Financial Times
Weekly Recap: 04/08-04/15		Though America's pastime is shelved, we are setting up for one doozy of a hot dog race nonetheless -- Hot Dog Bun (production cuts) is on the outside; Mustard (crude storage) is squeezed in the middle; Hot Dog (Consumers) is strutting; and Ketchup (crude demand) is literally all over the field but well in the lead. Can the Bun catch up to Ketchup in time?
*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.

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Click here for the market scorecard PDF.

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