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Released May 17, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
EIA: Permian Output Forecast to Hit Record High in June - Oil output in the Permian Basin in Texas and New Mexico is due to rise 88,000 barrels per day (BBL/d) to a record 5.219 million BBL/d in June, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale oil basins will rise 142,000 BBL/d to 8.761 million BBL/d in June, the most since March 2020, the EIA projected. (Reuters)
LNG
Sempra Signs LNG Sales Agreement with Poland's PGNiG - U.S. energy firm Sempra Energy (NYSE:SRE) (San Diego, California) said on Monday it would sell 3 million metric tons of liquefied natural gas (LNG) each year to Poland's PGNiG for a period of 20 years. About 2 million tons of LNG per year will come from Sempra's Cameron LNG Phase 2 project in Louisiana, while the rest would come from the Port Arthur LNG project in Texas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports. (Reuters)
CRUDE OIL
U.S. Strategic Petroleum Reserve Drops to Lowest Level Since 1987 - The amount of crude oil in the U.S. Strategic Petroleum Reserve dropped by 5 million barrels in the week ending May 13, data from the U.S. Department of Energy showed. Stockpiles in the Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987. (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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
PRODUCTION
EIA: Permian Output Forecast to Hit Record High in June - Oil output in the Permian Basin in Texas and New Mexico is due to rise 88,000 barrels per day (BBL/d) to a record 5.219 million BBL/d in June, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale oil basins will rise 142,000 BBL/d to 8.761 million BBL/d in June, the most since March 2020, the EIA projected. (Reuters)
LNG
Sempra Signs LNG Sales Agreement with Poland's PGNiG - U.S. energy firm Sempra Energy (NYSE:SRE) (San Diego, California) said on Monday it would sell 3 million metric tons of liquefied natural gas (LNG) each year to Poland's PGNiG for a period of 20 years. About 2 million tons of LNG per year will come from Sempra's Cameron LNG Phase 2 project in Louisiana, while the rest would come from the Port Arthur LNG project in Texas. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports. (Reuters)
CRUDE OIL
U.S. Strategic Petroleum Reserve Drops to Lowest Level Since 1987 - The amount of crude oil in the U.S. Strategic Petroleum Reserve dropped by 5 million barrels in the week ending May 13, data from the U.S. Department of Energy showed. Stockpiles in the Strategic Petroleum Reserve fell to 538 million barrels, the lowest since 1987. (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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
