Jordan Knauff & Company
Pump market analysis shows Backlog of Orders Index surged to a record high.
It has been a complicated 12 years since the Keystone XL project was first proposed.
Wall Street pump & valve industry watch for April 2021
Global demand for petroleum products fell significantly in 2020.
Fabricated metal products, chemical products, computer and electronic products, transportation equipment, and food, beverage and tobacco products registered growth in November.
The Jordan, Knauff & Company (JKC) Valve Stock Index down 17.3 percent over the last 12 months.
Month-over-month global consumption of crude oil rose by 1 million barrels per day (b/d) during August and September.
BP Plc predicts oil demand will fall over the next 30 years; jet fuel demand remains weak.
Markets rallied for the fourth consecutive month in July despite the resurgence of coronavirus in as many as 24 states.
Suppliers' deliveries to manufacturers was slower in May due to plant shutdowns, transportation challenges and importing difficulties.