Released March 01, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
DISTILLATES
EIA: U.S. December Distillate Demand to Lowest Since 2020 - U.S. product supplied of distillate fuel oil declined in December to 3.61 million barrels per day (BBL/d), down about 10% from November and the lowest since June 2020, data from the U.S. Energy Information Administration (EIA) showed on Thursday. Product supplied of distillates, the EIA's measure of demand, fell in December by 397,000 BBL/d from November, the biggest monthly decline since April 2020, the data showed. (Reuters)
LNG
TotalEnergies Signs LNG Deal with Singapore's Sembcorp - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) announced on Thursday a deal to supply Singapore's Sembcorp Industries with up to 0.8 million tons of liquefied natural gas (LNG) per year for 16 years, from 2027 onward. (Reuters)
CRUDE OIL
U.S. Continues to Replenish Petroleum Reserve - The administration of President Joe Biden is slowly replenishing the U.S. Strategic Petroleum Reserve (SPR) after selling a record amount of oil from the stockpile in 2022 in an effort to control gasoline prices following Russia's invasion of Ukraine. The Department of Energy said this week it has bought 3.2 million barrels of domestically produced crude oil, its latest in a steady stream of small purchases for the reserve. The oil is slated to be delivered to the SPR in July. (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).
DISTILLATES
EIA: U.S. December Distillate Demand to Lowest Since 2020 - U.S. product supplied of distillate fuel oil declined in December to 3.61 million barrels per day (BBL/d), down about 10% from November and the lowest since June 2020, data from the U.S. Energy Information Administration (EIA) showed on Thursday. Product supplied of distillates, the EIA's measure of demand, fell in December by 397,000 BBL/d from November, the biggest monthly decline since April 2020, the data showed. (Reuters)
LNG
TotalEnergies Signs LNG Deal with Singapore's Sembcorp - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) announced on Thursday a deal to supply Singapore's Sembcorp Industries with up to 0.8 million tons of liquefied natural gas (LNG) per year for 16 years, from 2027 onward. (Reuters)
CRUDE OIL
U.S. Continues to Replenish Petroleum Reserve - The administration of President Joe Biden is slowly replenishing the U.S. Strategic Petroleum Reserve (SPR) after selling a record amount of oil from the stockpile in 2022 in an effort to control gasoline prices following Russia's invasion of Ukraine. The Department of Energy said this week it has bought 3.2 million barrels of domestically produced crude oil, its latest in a steady stream of small purchases for the reserve. The oil is slated to be delivered to the SPR in July. (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).
