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Released October 16, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Regulator Finds 24% of U.S. Gulf Oil Production Shut - Less than a quarter of U.S. Gulf of Mexico offshore crude oil production remains shut after last week's Hurricane Delta, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Thursday. Shut crude oil production is 24% or, 439,823 barrels per day (BBL/d). Also, 12% of natural gas output, or 330 million cubic feet per day, remains shut as of Thursday, the BSEE said. (Reuters)
PIPELINES
Illinois Approves Expansion of Dakota Access Pipeline - Illinois regulators late on Wednesday approved an expansion of the Dakota Access crude oil pipeline, the largest pipeline running out of North Dakota's Bakken shale basin, rejecting a bid by environmental groups to block the project. In an order on Wednesday, the Illinois Commerce Commission said additional pumping stations and equipment needed for the pipeline's capacity to be nearly doubled to 1.1 million BBL/d are necessary and would promote the security and convenience of the public. (Project 300536762) (Reuters)
CRUDE OIL
U.S. Crude Oil Reserves Decline - U.S. crude oil reserves declined by 3.8 million barrels in the week ending October 9. Crude production fell on the week by 500,000 BBL/d to 10.5 million BBL/d, as most of the nation's offshore production was closed due to the hurricane. Gasoline stocks fell by 1.6 million barrels, and distillate stockpiles dropped by 7.2 million barrels in the week. (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.
PRODUCTION
Regulator Finds 24% of U.S. Gulf Oil Production Shut - Less than a quarter of U.S. Gulf of Mexico offshore crude oil production remains shut after last week's Hurricane Delta, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Thursday. Shut crude oil production is 24% or, 439,823 barrels per day (BBL/d). Also, 12% of natural gas output, or 330 million cubic feet per day, remains shut as of Thursday, the BSEE said. (Reuters)
PIPELINES
Illinois Approves Expansion of Dakota Access Pipeline - Illinois regulators late on Wednesday approved an expansion of the Dakota Access crude oil pipeline, the largest pipeline running out of North Dakota's Bakken shale basin, rejecting a bid by environmental groups to block the project. In an order on Wednesday, the Illinois Commerce Commission said additional pumping stations and equipment needed for the pipeline's capacity to be nearly doubled to 1.1 million BBL/d are necessary and would promote the security and convenience of the public. (Project 300536762) (Reuters)
CRUDE OIL
U.S. Crude Oil Reserves Decline - U.S. crude oil reserves declined by 3.8 million barrels in the week ending October 9. Crude production fell on the week by 500,000 BBL/d to 10.5 million BBL/d, as most of the nation's offshore production was closed due to the hurricane. Gasoline stocks fell by 1.6 million barrels, and distillate stockpiles dropped by 7.2 million barrels in the week. (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.
