Released February 11, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
COAL
U.S. Energy Secretary Hopes Mexico, Canada Will Help Export U.S. Coal - U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. Brouillette said he expects the two U.S. neighbors will offer opportunities to export coal in talks that could be facilitated by the new North American trade agreement, the United States-Mexico-Canada Agreement, or USMCA, that President Donald Trump signed last month. (Reuters)
LNG
Qatargas Signs Long-Term LNG Supply Deal to Kuwait - Qatargas signed a new long-term sale and purchase agreement with Shell (NYSE:RDS-A) to deliver 1 million tons per annum of liquefied natural gas (LNG) to Kuwait, starting this year, the company said in a press release on Sunday. (Reuters)
CRUDE OIL
Oil Drops to 13-Month Lows - Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts. Oil has dropped more than 25% from a peak in January with U.S. crude back below $50 a barrel. Brent futures fell $1.20, or 2.2%, to settle at $53.27 a barrel, their lowest close since December 28, 2018, while U.S. West Texas Intermediate crude fell 75 cents, or 1.5%, to settle at $49.57, the lowest close since January 7, 2019. (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.
COAL
U.S. Energy Secretary Hopes Mexico, Canada Will Help Export U.S. Coal - U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. Brouillette said he expects the two U.S. neighbors will offer opportunities to export coal in talks that could be facilitated by the new North American trade agreement, the United States-Mexico-Canada Agreement, or USMCA, that President Donald Trump signed last month. (Reuters)
LNG
Qatargas Signs Long-Term LNG Supply Deal to Kuwait - Qatargas signed a new long-term sale and purchase agreement with Shell (NYSE:RDS-A) to deliver 1 million tons per annum of liquefied natural gas (LNG) to Kuwait, starting this year, the company said in a press release on Sunday. (Reuters)
CRUDE OIL
Oil Drops to 13-Month Lows - Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts. Oil has dropped more than 25% from a peak in January with U.S. crude back below $50 a barrel. Brent futures fell $1.20, or 2.2%, to settle at $53.27 a barrel, their lowest close since December 28, 2018, while U.S. West Texas Intermediate crude fell 75 cents, or 1.5%, to settle at $49.57, the lowest close since January 7, 2019. (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.
