Released July 01, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NATURAL GAS
U.S. Natural Gas Futures Hit Three-Week High - U.S. natural gas futures rose to their highest in nearly three weeks on Tuesday, ending the best quarter since June 2018, as forecasts for hotter-than-normal weather increased demand for cooling. August futures rose 4.2 cents, or 2.5%, to settle at $1.751 per million British thermal units, having jumped more than 14% on Monday, the biggest daily gain since January 2019. Prices gained nearly 7% in the second quarter.
PRODUCTION
U.S. Crude Oil Production Falls to 12.1 Million Barrels per Day in April - U.S. crude oil production dropped 669,000 barrels per day (BBL/d) to 12.06 million BBL/d in April, the government said in a monthly report on Tuesday. The decline came as production fell 234,000 BBL/d in Texas, the largest oil-producing state, and 195,000 BBL/d in North Dakota. Output fell 16,000 BBL/d in federal waters in the Gulf of Mexico, the report said. (Reuters)
ConocoPhillips to Bring Back Some Curtailed Production - This Reuters article discusses how ConocoPhillips (NYSE:COP) said on Tuesday it would bring back some of its curtailed production in July. ConocoPhillips said it would revive production in the Lower 48 region during July, while in Surmont, Alberta, it would increase output from curtailed levels in the third quarter. The company had announced the biggest cuts by any North American producer in April, reducing its output by 460,000 BBL/d by June. (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
U.S. Natural Gas Futures Hit Three-Week High - U.S. natural gas futures rose to their highest in nearly three weeks on Tuesday, ending the best quarter since June 2018, as forecasts for hotter-than-normal weather increased demand for cooling. August futures rose 4.2 cents, or 2.5%, to settle at $1.751 per million British thermal units, having jumped more than 14% on Monday, the biggest daily gain since January 2019. Prices gained nearly 7% in the second quarter.
PRODUCTION
U.S. Crude Oil Production Falls to 12.1 Million Barrels per Day in April - U.S. crude oil production dropped 669,000 barrels per day (BBL/d) to 12.06 million BBL/d in April, the government said in a monthly report on Tuesday. The decline came as production fell 234,000 BBL/d in Texas, the largest oil-producing state, and 195,000 BBL/d in North Dakota. Output fell 16,000 BBL/d in federal waters in the Gulf of Mexico, the report said. (Reuters)
ConocoPhillips to Bring Back Some Curtailed Production - This Reuters article discusses how ConocoPhillips (NYSE:COP) said on Tuesday it would bring back some of its curtailed production in July. ConocoPhillips said it would revive production in the Lower 48 region during July, while in Surmont, Alberta, it would increase output from curtailed levels in the third quarter. The company had announced the biggest cuts by any North American producer in April, reducing its output by 460,000 BBL/d by June. (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.
