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Released August 05, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
Court Says FERC Must Redo Climate Analyses for Texas LNG Projects - A federal appeals court on Tuesday ruled that the Federal Energy Regulatory Commission (FERC) must further analyze the impacts of proposed liquefied natural gas (LNG) marine terminals on climate change and low-income or minority communities in Cameron County, Texas. In a victory for the community and environmental groups who appealed FERC's decision to approve the Texas and Rio Grande LNG terminals as well as related pipelines, a unanimous panel of the U.S. Circuit Court of Appeals for the D.C. Circuit ruled that FERC violated the National Environmental Policy Act with "deficient" environmental analyses. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related project reports. (Reuters)
CRUDE OIL
U.S. Crude Oil Stockpiles Up, Gasoline Down - U.S. crude oil inventories rose by 3.6 million barrels in the week ending July 30 to 439.2 million barrels. Stocks at the Cushing, Oklahoma, delivery hub, however, fell for an eighth straight week, dropping by 543,000 barrels to 34.9 million barrels, their lowest since January 2020, the U.S. Energy Information Administration (EIA) said. Gasoline stocks fell by 5.3 million barrels. Distillate stockpiles rose by 833,000 barrels. (Reuters)
NATURAL GAS
U.S. Natural Gas Futures Rise to 31-Month High - U.S. natural gas futures climbed more than 3% to a 31-month high on Wednesday on forecasts for hotter weather over the next two weeks and soaring global gas prices that should keep U.S. LNG exports near record highs. Front-month gas futures rose 13.1 cents, or 3.3%, to settle at $4.158 per million British thermal units, their highest close since December 2018. (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 commodity-trading community. We are the number one source for information about power plant 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.
LNG
Court Says FERC Must Redo Climate Analyses for Texas LNG Projects - A federal appeals court on Tuesday ruled that the Federal Energy Regulatory Commission (FERC) must further analyze the impacts of proposed liquefied natural gas (LNG) marine terminals on climate change and low-income or minority communities in Cameron County, Texas. In a victory for the community and environmental groups who appealed FERC's decision to approve the Texas and Rio Grande LNG terminals as well as related pipelines, a unanimous panel of the U.S. Circuit Court of Appeals for the D.C. Circuit ruled that FERC violated the National Environmental Policy Act with "deficient" environmental analyses. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related project reports. (Reuters)
CRUDE OIL
U.S. Crude Oil Stockpiles Up, Gasoline Down - U.S. crude oil inventories rose by 3.6 million barrels in the week ending July 30 to 439.2 million barrels. Stocks at the Cushing, Oklahoma, delivery hub, however, fell for an eighth straight week, dropping by 543,000 barrels to 34.9 million barrels, their lowest since January 2020, the U.S. Energy Information Administration (EIA) said. Gasoline stocks fell by 5.3 million barrels. Distillate stockpiles rose by 833,000 barrels. (Reuters)
NATURAL GAS
U.S. Natural Gas Futures Rise to 31-Month High - U.S. natural gas futures climbed more than 3% to a 31-month high on Wednesday on forecasts for hotter weather over the next two weeks and soaring global gas prices that should keep U.S. LNG exports near record highs. Front-month gas futures rose 13.1 cents, or 3.3%, to settle at $4.158 per million British thermal units, their highest close since December 2018. (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 commodity-trading community. We are the number one source for information about power plant 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.
