U.S. Sees Record LNG Exports, Planned SPR Release: Your Daily Energy News

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

LNG
U.S. Sets LNG Export Record Amid Energy Crisis - U.S. exports of liquefied natural gas (LNG) rose to an all time high in March as plants ran above nameplate capacity and new units started up, preliminary data from financial firm LSEG showed. Exports in March climbed to 11.7 million metric tons, up from 9.94 million tons in February, and surpassed the previous monthly record of 11.5 million tons in December, the data showed. Shipments to Asia more than doubled from the previous month amid the ongoing conflict in the Middle East that has roiled energy markets and taken nearly 20% of global LNG supply offline, forcing customers who depended on cargoes that transited the Strait of Hormuz to try to find alternatives. (Reuters)

CRUDE OIL
U.S. to Loan Up to 10 Million Barrels of Oil from Bryan Mound SPR Site - The U.S. Department of Energy said on Wednesday that it would loan up to 10 million barrels of crude oil from the Bryan Mound strategic petroleum reserve (SPR) site in Texas, and will accept proposals from companies until April 6. The Energy Department already has lent 45.2 ⁠million barrels of crude oil from the reserve in a first release in March as part of an agreement with 32 countries in the International Energy Agency (IEA) to release 400 million barrels of oil from reserves. Ultimately, the U.S. aims to lend 172 million ⁠barrels for delivery throughout this year and into next. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the Bryan Mound plant profile. (Reuters)

U.S. Crude Oil Stocks Rise, While Gasoline, Diesel Fall - U.S. crude oil inventories rose by 5.5 million barrels to 461.6 million barrels in the week ending March 27, the U.S. Energy Information Agency (EIA) said Wednesday. U.S. gasoline stocks fell by 586,000 barrels in the week to 240.9 million ⁠barrels, the EIA said, while distillate stockpiles fell by 2.1 million barrels to 117.8 million ⁠barrels. (Reuters)

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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 Resources
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).