Released March 25, 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.
| Event | MarCon* | IIR Comment | IIR Links | Outlet |
| Oil-demand collapse overshadowing price war |  |
We are witnessing nearly a fifth of global consumption being affected, with multiple countries essentially in lockdown. The year 2020 could see the biggest decline ever in oil demand -- upwards of 10 million BBL/d. | Texas' Harris County Issues Stay-at-Home Order | Bloomberg |
| Global need for crude storage grows amid record-low gas prices |  |
Oil producers and the like are desperately looking for a place to store their crude as demand slows to a halt due to city and state lockdowns worldwide; a similar story with airlines, and the Saudi Aramco & Russia oil price war. | North Sea Oil Struck by Coronavirus | Reuters |
| Oil majors scramble to store jet fuel | |
With airline companies worldwide struggling as demand plummets, oil majors are looking to store jet fuel at sea. | March 20 COVID-19 Impact Report | Reuters |
| Global oil refineries curbing output | |
Price margins are cratering as world travel seemingly grinds to a halt, forcing world refineries to curb output as they can no longer operate at a profit. | Malaysian Refinery Operations Uninterrupted, Despite COVID-19 Restriction Order, an Industrial Info Market Brief | Reuters |
| China & emerging markets showing signs of recovery |  |
The spread of COVID-19 is likely contained. Upwards of 60% of production is back online, and China's central bank is initiating policies to ensure the global supply chain for technology & manufacturing can be put back in place. | March 23 COVID-19 Impact Report | Seeking Alpha |
| Weekly Recap: 03/18-03/25 | |
It is truly a world hydrocarbon armageddon. Demand is collapsing, storage is filling rapidly, refineries are curbing output, and cheap crude is in ample supply as Saudi Arabia floods the market. However, there is a glimmer of hope with China's possible recovery... | ||
| *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'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.
