Released March 21, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NATURAL GAS
Gas Prices at Waha Hub Fall to Record Low - Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian Basin. Spot prices at the Waha hub collapsed to an average of just 12 cents per million British thermal units (Btu) for Wednesday. That fell below the contract's prior all-time low of 21 cents in February and compares with an average of $1.72 per million Btu so far this year. (Reuters)
PRODUCTION
Alberta Increases Crude Output Limit for May, June - The Canadian oil-producing province of Alberta will increase crude oil production limits by 25,000 barrels per day (BBL/d) in May and a further 25,000 BBL/d in June. The increases mean that by June, oil companies will be limited to 3.71 million BBL/d of production. (Reuters)
CRUDE OIL
U.S. Crude Stocks Decline - U.S. crude oil stockpiles last week fell by 9.6 million barrels, the most since July, boosted by strong export and refining demand, the U.S. Energy Information Administration said on Wednesday. Gasoline stocks dipped by 4.6 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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
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.
NATURAL GAS
Gas Prices at Waha Hub Fall to Record Low - Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to a record low due to an equipment failure in New Mexico that stranded gas in the Permian Basin. Spot prices at the Waha hub collapsed to an average of just 12 cents per million British thermal units (Btu) for Wednesday. That fell below the contract's prior all-time low of 21 cents in February and compares with an average of $1.72 per million Btu so far this year. (Reuters)
PRODUCTION
Alberta Increases Crude Output Limit for May, June - The Canadian oil-producing province of Alberta will increase crude oil production limits by 25,000 barrels per day (BBL/d) in May and a further 25,000 BBL/d in June. The increases mean that by June, oil companies will be limited to 3.71 million BBL/d of production. (Reuters)
CRUDE OIL
U.S. Crude Stocks Decline - U.S. crude oil stockpiles last week fell by 9.6 million barrels, the most since July, boosted by strong export and refining demand, the U.S. Energy Information Administration said on Wednesday. Gasoline stocks dipped by 4.6 million barrels. (Reuters)
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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
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.
