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Released August 04, 2023 | 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. Sees Small Natural Gas Storage Build - The U.S. Energy Information Administration (EIA) said utilities added 14 billion cubic feet (Bcf) of gas into storage during the week ended July 28. That compares with an increase of 37 Bcf in the same week last year and a five-year (2018-2022) average increase of 37 Bcf. (Reuters)
LNG
ConocoPhillips Signs LNG Purchase Agreement with Mexico Pacific - ConocoPhillips (NYSE:COP) (Houston, Texas) has signed 20-year deals to receive a collective 2.2 million tons of liquefied natural gas (LNG) a year from Mexico Pacific's Saguaro export facility, the company said on Thursday. Mexico is expected to soon inaugurate the first of nine planned onshore and floating LNG production facilities both on the Gulf and Pacific coasts, which will process U.S. natural gas imported through a pipeline network between the two countries. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the related project report. (Reuters)
CRUDE OIL
Russia to Further Reduce Oil Exports in September - Russia will cut oil exports by 300,000 barrels per day (BBL/d) in September, Deputy Prime Minister Alexander Novak said on Thursday. "Within the efforts to ensure the oil market remains balanced Russia will continue to voluntarily reduce its oil supply in the month of September, now by 300,000 barrels per day, by cutting its exports by that quantity to global markets," Novak said. Russia has already pledged to reduce its oil output by around 500,000 BBL/d, or some 5% of its oil production, from March until yearend. (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).
NATURAL GAS
U.S. Sees Small Natural Gas Storage Build - The U.S. Energy Information Administration (EIA) said utilities added 14 billion cubic feet (Bcf) of gas into storage during the week ended July 28. That compares with an increase of 37 Bcf in the same week last year and a five-year (2018-2022) average increase of 37 Bcf. (Reuters)
LNG
ConocoPhillips Signs LNG Purchase Agreement with Mexico Pacific - ConocoPhillips (NYSE:COP) (Houston, Texas) has signed 20-year deals to receive a collective 2.2 million tons of liquefied natural gas (LNG) a year from Mexico Pacific's Saguaro export facility, the company said on Thursday. Mexico is expected to soon inaugurate the first of nine planned onshore and floating LNG production facilities both on the Gulf and Pacific coasts, which will process U.S. natural gas imported through a pipeline network between the two countries. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the related project report. (Reuters)
CRUDE OIL
Russia to Further Reduce Oil Exports in September - Russia will cut oil exports by 300,000 barrels per day (BBL/d) in September, Deputy Prime Minister Alexander Novak said on Thursday. "Within the efforts to ensure the oil market remains balanced Russia will continue to voluntarily reduce its oil supply in the month of September, now by 300,000 barrels per day, by cutting its exports by that quantity to global markets," Novak said. Russia has already pledged to reduce its oil output by around 500,000 BBL/d, or some 5% of its oil production, from March until yearend. (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).
