Shell, Record Permian Output: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
Permian Oil Output Forecast to Hit Record High in July - Oil output in the Permian Basin in Texas and New Mexico is due to rise 84,000 barrels per day (BBL/d) to a record 5.316 million BBL/d in July, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale oil basins will rise 143,000 BBL/d to 8.901 million BBL/d in July, the highest since March 2020, the EIA projected. (Reuters)

LNG
Shell Prelude LNG Plant Hit with Industrial Action - Workers on Shell plc's (NYSE:SHEL) (London, England) Prelude floating liquefied natural gas (LNG) facility off the Australian coast began a 12-day strike on Friday, which could affect production from the facility. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Seeking Alpha)

NATURAL GAS
U.S. Natural Gas Drops 3% - U.S. natural gas futures slid about 3% to a one-week low on Monday as the shutdown of the Freeport LNG export plant last week cut U.S. demand for gas, leaving more of the fuel available to refill low stockpiles. Front-month gas futures for July delivery on the New York Mercantile Exchange fell 24.1 cents, or 2.7%, to settle at $8.609 per million British thermal units, their lowest since June 3. (Reuters)

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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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.