Released September 17, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Hurricane Sally Keeps a Quarter of U.S. Gulf Oil Production Shut - Hurricane Sally's slow progress across the Gulf of Mexico kept 27.5%, or 508,366 barrels per day (BBL/d), of offshore crude oil production shut on Wednesday, said the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Sally also cut 30%, or 805 million cubic feet per day, of offshore natural gas production from the U.S.-regulated northern Gulf of Mexico on Wednesday, the BSEE said. (Reuters)
CRUDE OIL
U.S. Crude Oil Stocks Decline - U.S. crude oil inventories fell to their lowest since April at 496 million barrels in the week ending September 11, sliding 4.4 million barrels. Gasoline stocks fell 400,000 barrels to 231.5 million barrels. Distillate stockpiles rose by 3.5 million barrels last week to 179.3 million barrels. (Reuters)
IEA Says Oil Demand Set to Slow for Rest of 2020 - The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The agency cut its 2020 outlook by 200,000 BBL/d to 91.7 million BBL/d in its second downgrade in as many months. "We expect the recovery in oil demand to decelerate markedly in the second half of 2020, with most of the easy gains already achieved," the IEA said in its monthly report. (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.
PRODUCTION
Hurricane Sally Keeps a Quarter of U.S. Gulf Oil Production Shut - Hurricane Sally's slow progress across the Gulf of Mexico kept 27.5%, or 508,366 barrels per day (BBL/d), of offshore crude oil production shut on Wednesday, said the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Sally also cut 30%, or 805 million cubic feet per day, of offshore natural gas production from the U.S.-regulated northern Gulf of Mexico on Wednesday, the BSEE said. (Reuters)
CRUDE OIL
U.S. Crude Oil Stocks Decline - U.S. crude oil inventories fell to their lowest since April at 496 million barrels in the week ending September 11, sliding 4.4 million barrels. Gasoline stocks fell 400,000 barrels to 231.5 million barrels. Distillate stockpiles rose by 3.5 million barrels last week to 179.3 million barrels. (Reuters)
IEA Says Oil Demand Set to Slow for Rest of 2020 - The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The agency cut its 2020 outlook by 200,000 BBL/d to 91.7 million BBL/d in its second downgrade in as many months. "We expect the recovery in oil demand to decelerate markedly in the second half of 2020, with most of the easy gains already achieved," the IEA said in its monthly report. (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.
