Released September 25, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
U.S. Crude Exports Fell Each Month Since February in First Half of Year - U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, according to the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly. However, U.S. crude oil exports in the first half of the year are still higher than they were in the first half of 2019. (EIA)
NATURAL GAS
U.S. Natural Gas Futures Rise on Small Storage Build - U.S. natural gas futures jumped almost 6% on Thursday on a smaller-than-expected weekly storage build, a continued decline in output and an increase in liquefied natural gas exports. The EIA said U.S. utilities injected just 66 billion cubic feet (Bcf) of gas into storage in the week ended September 18. That compares with an increase of 97 Bcf during the same week last year and a five-year (2015-19) average build of 80 Bcf. Front-month gas futures rose 12.3 cents, or 5.8%, to settle at a one-week high of $2.248 per million British thermal units. (Reuters)
POWER
Entergy Commits to Achieving Net-Zero Carbon Emissions by 2050 - Power company Entergy Corporation (NYSE:ETR) announced it is accelerating its climate action goals with a commitment to achieving net-zero carbon emissions by 2050. (PR Newswire)
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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.
CRUDE OIL
U.S. Crude Exports Fell Each Month Since February in First Half of Year - U.S. crude oil exports reached a record high in February 2020 and have since fallen in each month, based on data through June, according to the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly. However, U.S. crude oil exports in the first half of the year are still higher than they were in the first half of 2019. (EIA)
NATURAL GAS
U.S. Natural Gas Futures Rise on Small Storage Build - U.S. natural gas futures jumped almost 6% on Thursday on a smaller-than-expected weekly storage build, a continued decline in output and an increase in liquefied natural gas exports. The EIA said U.S. utilities injected just 66 billion cubic feet (Bcf) of gas into storage in the week ended September 18. That compares with an increase of 97 Bcf during the same week last year and a five-year (2015-19) average build of 80 Bcf. Front-month gas futures rose 12.3 cents, or 5.8%, to settle at a one-week high of $2.248 per million British thermal units. (Reuters)
POWER
Entergy Commits to Achieving Net-Zero Carbon Emissions by 2050 - Power company Entergy Corporation (NYSE:ETR) announced it is accelerating its climate action goals with a commitment to achieving net-zero carbon emissions by 2050. (PR Newswire)
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.
