IIR's May 28 Market Scorecard Brings You Breaking Geopolitical News

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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.

Event	MarCon*	IIR Comment	IIR Links	Outlet
The perfect storm, no literally. Oil is going back up		After months of declining oil demand, worldwide lockdowns and overproduction, conditions in the energy industry are finally getting better. Coordinated production cuts and eases on lockdowns have helped the prices of oil go back up.	Oil & Gas Developers, Refiners See Slower Pace of COVID-19 Project Disruptions	WSJ
Global equities are rallying with major economies re-opening; however, U.S.-China relations temper some enthusiasm		S&P 500 is at an 11-week high. Traders were even stepping into perceived riskier portions of the market as thoughts are such that the worst of the COVID-19 impact are behind us. And then some of the bubble burst from U.S.-China tensions.	Join Industrial Info for Our North American Mid-Year Industrial Market Outlook	Bloomberg
U.S. - China relations worsening		"The endgame is a "lose-lose" situation for both sides," said Graham Allison a political science professor from Harvard University, With the potential of leading to the collapse of the Phase 1 Trade Deal.	China's Output of Crude Oil Up 0.9% in April 2020, an Industrial Info Market Brief	CNBC
Are things OK, China?		"The anomalies of China's domestic financial and pricing system are exerting a pull on crude, but the realities of sluggish demand growth and limited storage capacity will hit China too. The country's crude storage space is running close to 80% utilization rates while clean product storage is also nearing tank tops. Even as demand recovers gradually, it will not be enough to absorb the current crude glut." Also, it is important to note that China has a $40 price floor on domestic oil, which is one of the main reasons it has been able to continue producing and importing at such high levels.	Industrial Info's Weekly Global Refining Impact Report	Financial Times
The winds of change are blowing for the energy sector		Much is unfolding throughout the energy landscape as the Energy Transition unfolds. Although, there might be a COVID-19 impact, be prepared for what lies ahead across climate, alternative/renewables, efficiency, grid and storage.	COVID-19 Disrupts China's Wind Power Supply Chain, an Industrial Info Market Brief	US Energy News
Weekly Recap: 05/20-05/27		Weeeee!!! exclaims the market as all appearances indicate we are on the downhill side of this energy roller coaster. Let the good, normal times begin again. Major economies are opening. Markets are rallying. Oil is still above $30. In the U.S. people are swarming to the beaches and bars. But -- isn't there always a but -- U.S.-China relations are worsening and some news out of China is begging us to ask the question, "Are things truly OK?".. Hmmm, are they..
*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.

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