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Project(s): View 1 related project in PECWeb
Plant(s): View 1 related plant in PECWeb
Released October 27, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
CRUDE OIL
U.S. Crude Oil Stocks Rise - U.S. crude oil inventories rose by 2.6 million barrels in the week ending October 21 to 439.9 million barrels. U.S. gasoline stocks fell by 1.5 million barrels in the week to 207.9 million barrels, while distillate stockpiles rose by 170,000 barrels. (Reuters)
World Bank Expects Energy Prices to Decline 11% Next Year - The World Bank on Wednesday said it expects energy prices to decline by 11% in 2023 after this year's 60% surge following Russia's invasion of Ukraine, although slower global growth and COVID restrictions in China could lead to a deeper fall. The bank in its latest Commodity Markets Outlook projected a Brent crude oil average price of $92 a barrel in 2023, easing to $80 in 2024 but well above the five-year average of $60. (Reuters)
LNG
U.S. Regulator Approves Cameron LNG Expansion - The U.S. Pipeline and Hazardous Materials Safety Administration approved a fourth processing train that would add 6.75 million tons per year at the Cameron liquefied natural gas (LNG) plant in Hackberry, Louisiana. The agency also approved changes that would allow the facility to load two ships simultaneously. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report. (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) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
CRUDE OIL
U.S. Crude Oil Stocks Rise - U.S. crude oil inventories rose by 2.6 million barrels in the week ending October 21 to 439.9 million barrels. U.S. gasoline stocks fell by 1.5 million barrels in the week to 207.9 million barrels, while distillate stockpiles rose by 170,000 barrels. (Reuters)
World Bank Expects Energy Prices to Decline 11% Next Year - The World Bank on Wednesday said it expects energy prices to decline by 11% in 2023 after this year's 60% surge following Russia's invasion of Ukraine, although slower global growth and COVID restrictions in China could lead to a deeper fall. The bank in its latest Commodity Markets Outlook projected a Brent crude oil average price of $92 a barrel in 2023, easing to $80 in 2024 but well above the five-year average of $60. (Reuters)
LNG
U.S. Regulator Approves Cameron LNG Expansion - The U.S. Pipeline and Hazardous Materials Safety Administration approved a fourth processing train that would add 6.75 million tons per year at the Cameron liquefied natural gas (LNG) plant in Hackberry, Louisiana. The agency also approved changes that would allow the facility to load two ships simultaneously. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project 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 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) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
