Released September 24, 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.
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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.
Thursday, September 24th, 2020:
| Event | MarCon* | IIR Comment | IIR Links | Outlet |
| Empty threat from the Saudi energy minister? |  |
"Anyone who thinks they will get a word from me on what we will do next is absolutely living in a La La Land... I'm going to make sure whoever gambles on this market will be hurting like hell," Prince Abdulaziz told a news conference when asked about OPEC+ next steps. | Saudi Arabia to Lower Crude Prices for Asia | Reuters |
| India's oil demand outlook getting worse | |
Eyes are on the APAC Region -- China in particular -- for evidence of growing demand. However, India's economic outlook remains grim. | Global Oil Demand Drops Even Lower for 2020 | ET EnergyWorld |
| China easing on crude storage for the second straight month |  |
Because China does not disclose its oil throughputs, estimates need to be deduced from imports, exports and throughputs from outside data. "China's crude output was 16.65 million tonnes in August, while imports were 47.48 million tonnes, giving total available crude of 64.13 million tonnes, or about 15.1 million bpd. Refinery throughput in August was 59.47 million tonnes, equivalent to about 14 million bpd, leaving the difference between the two at 1.1 million bpd." | China Oil & Gas Projects Worth $15.5 Billion Planned for Completion in Fourth Quarter | Reuters |
| China's next 5-yr plan considers options for green energy investment | |
"China's current goal is to derive as much as 20% of its primary energy use from non-fossil fuels by 2030. One option under consideration is to bring forward that target, according to people familiar with the discussions who asked not to be identified, possibly to 2025. Another proposal is to cut the share of coal in the energy mix to 52% by 2025, from the 57.5% planned for the end of this year." | China to Add 33 GW of Photovoltaic Power in 2020 | Bloomberg |
| Investors are pulling the plug on Argentina's prized shale play |  |
"Argentina's state-run driller outlined an aggressive $1.8 billion spending plan for 2020 in the country's Vaca Muerta shale region, based on $60-a-barrel crude. With global prices starting the year above $68, it wasn't unrealistic." Now, with prices rarely getting even closer to $45/barrel, it seems nearly impossible for Argentina's Vaca Muerta to recover. | Argentina's YPF Presses Forward on Rincon del Mangrullo Project | OilPrice |
| Week 09/16/2020 - 09/23/2020: | |
Grim. We have a blustering Prince (..Saudi's Prince Abdulaziz..) in a precarious position. Not wishing to divulge his country's & OPEC+'s hand. Even though everybody knows he's holding pocket deuces and cannot bluff. Production cuts are coming. Just a matter of when. Nor is there any sign of recovering demand -- which is roiling markets. Meanwhile the world is preparing for a second COVID wave. Upsetting the markets further. So neither the Prince nor the world's subjects are happy. | ||
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.
