North Dakota Shut-ins, SouthCoast Wind Project: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
China's Russian Crude Oil Imports Reach New High in 2024 - China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins. Volumes from Russia amounted to 108.5 million metric tons, according to China's General Administration of Customs, equivalent to 2.17 million barrels per day (BBL/d). (Reuters)

PRODUCTION
About 12% of North Dakota's Crude Oil Production Shut In - North Dakota's oil production was estimated to be down by between 125,000 BBL/d and 150,000 BBL/d due to extreme cold weather and related operational challenges, the state's pipeline authority said on Monday. North Dakota is the third-largest oil-producing state in the country, and the impacted production represents about 12% of the region's 1.1 million BBL/d of oil output, based on data from the U.S. Energy Information Administration (EIA). (Reuters)

POWER
Final Permit Issued for SouthCoast Wind Project off Massachusetts - The up-to 2.4-gigawatt SouthCoast Wind project off Massachusetts has cleared the last step in the permitting procedures after its Construction and Operations Plan was greenlit by the U.S. government. The approval was issued by the U.S. Bureau of Ocean Energy Management on Friday, about a month after the project received a positive Record of Decision from the Department of Interior. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Renewables Now) .....

About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).