Released September 24, 2020 | 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
U.S. Natural Gas Futures Jump Almost 16% - U.S. natural gas futures jumped almost 16% on Wednesday from a seven-week low in the prior session as output continues to slide, demand edges up and liquefied natural gas exports increase. Front-month gas futures rose 29.1 cents, or 15.9%, to settle at $2.125 per million British thermal units in their biggest one-day percentage gain since early August. (Reuters)
CRUDE OIL
U.S. Crude, Fuel Inventories Decline - U.S. crude inventories fell by 1.6 million barrels in the week to September 18 to 494.4 million barrels. U.S. gasoline stocks fell by 4 million barrels in the week to 227.5 million barrels. Distillate stockpiles fell by 3.4 million barrels in the week to 175.9 million barrels. (Reuters)
PRODUCTION
Dallas Fed Survey: Executives Say U.S. Oil Production Has Peaked - Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday. Survey results said 66% of 154 oil and gas firm executives contacted by the Dallas Fed this month answered affirmatively. The survey includes executives from Texas, Louisiana and New Mexico. The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing. (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 Jump Almost 16% - U.S. natural gas futures jumped almost 16% on Wednesday from a seven-week low in the prior session as output continues to slide, demand edges up and liquefied natural gas exports increase. Front-month gas futures rose 29.1 cents, or 15.9%, to settle at $2.125 per million British thermal units in their biggest one-day percentage gain since early August. (Reuters)
CRUDE OIL
U.S. Crude, Fuel Inventories Decline - U.S. crude inventories fell by 1.6 million barrels in the week to September 18 to 494.4 million barrels. U.S. gasoline stocks fell by 4 million barrels in the week to 227.5 million barrels. Distillate stockpiles fell by 3.4 million barrels in the week to 175.9 million barrels. (Reuters)
PRODUCTION
Dallas Fed Survey: Executives Say U.S. Oil Production Has Peaked - Nearly two-thirds of U.S. energy company executives polled by the Federal Reserve Bank of Dallas believe U.S. crude oil production has peaked, according to a survey released on Wednesday. Survey results said 66% of 154 oil and gas firm executives contacted by the Dallas Fed this month answered affirmatively. The survey includes executives from Texas, Louisiana and New Mexico. The Dallas Fed did not say if the peak was considered temporary or permanent as major oil firms have been discussing. (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.
