Released June 24, 2020 | SUGAR LAND
en
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.
| Event | MarCon* | IIR Comment | IIR Links | Outlet |
| Mike Pompeo to meet with Chinese delegation this week |  |
Exciting news as U.S. - China relations have not gotten any better. Following the trade disputes as well as the handling of the coronavirus, relations between the nations have significantly worsened. The meeting is expected to de-escalate the critical relations between the two countries. | Industrial Info's Weekly North American Refining Report | Reuters |
| As the number of coronavirus cases rise in China, Europe toughens on China |  |
Europe has to make the tough decision on how to deal with China's aggressive market moves and thus, it may have to choose between one of the two superpowers soon. Will it be the U.S. or China? | IEA: Global Gas Demand to Drop 4% in 2020, New Growth to be Centered in Asia | Financial Times |
| Physical oil rally pausing due to weak refinery margins | |
The stark reality of poor refinery margins and full storage tanks is setting in, bringing about a weeks-long rally in the physical crude markets. Europe & China are cutting their refinery runs in order to sell off stock piles of products, meaning they are purchasing less oil. Oy vey! | Industrial Info's Weekly Global Refining Impact Report | Reuters |
| IEA projects global oil demand won't be back to normal until at least 2022 |  |
"Oil demand in 2020 is expected to fall by 8.1 mb/d, the largest in history, before recovering by 5.7 mb/d in 2021. Reduced jet and kerosene deliveries will impact total oil demand until at least 2022. In this Report, the forecast for 2020 oil demand has been raised by nearly 500 kb/d to 91.7 mb/d, due to stronger-than-expected deliveries during the COVID-19 lockdown. In China, oil demand recovered fast in March-April and India's demand rose sharply in May." | IEA: Energy Industry has a $3 Trillion Opportunity to Sustainably Recover from Ravages of COVID-19 | IEA |
| The possibility of a second wave in the U.S. is not off the table | |
The biggest uptick in cases for Texas, Florida and Arizona happened just this week, shortly after the lockdown rules eased up a bit. Dr. Anthony Fauci recommends that VP Mike Pence take matters more seriously. | Industrial Info's Skilled Craft Labor Alert: "Where Will Skilled Craft Wages and Per Diems Go In this New Pandemic Demand Destruction?" | Financial Times |
| Weekly Recap: 06/17-06/24 | |
Hot Potato. Most recent news says optimism is back in the energy markets. WTI is even above $40. Hooray!! Then we read about COVID cases increasing throughout the world; and though nations appear to want to shrug off this news and push forward, we just cannot prudently ignore such. Can we? Nor should we consider ignoring geopolitical tensions (U.S.-Europe-China-Middle East-Russia) as the OPEC+ cuts are only extended through July, which is literally around the corner now. A hot potato is literally being passed around; therefore, foresee market participants getting burned by optimism ignoring reality. | ||
| *MarCon (Market Condition 1-5, with 5 being the highest impact) 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'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.
