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Released September 20, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
TERMINALS
U.S. to Sell Up to 10 Million Barrels of Oil from SPR for November Delivery - The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve (SPR), for delivery in November, extending the timing of a plan to sell 180 million barrels from the stockpile to tame fuel prices. President Joe Biden's plan announced in March of the largest release of oil from SPR in history had aimed to sell 180 million barrels by the end of October. So far, only 155 million barrels have been sold and the next sale will bring the total to 165 million barrels, the department said. (Reuters)
CRUDE OIL
Saudi's Crude Oil Exports Increase in June - Saudi Arabia's crude oil exports in July rose to 7.38 million barrels per day (BBL/d) from 7.20 million BBL/d in June, the International Energy Forum said on Monday. (Reuters)
PRODUCTION
TotalEnergies Launches Offshore Gas Project in Argentina - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) on Monday announced it had taken the final investment decision to kick off a natural gas project off the coast of Tierra del Fuego in southern Argentina. The project, which includes setting up three wells and a pipeline, will produce 10 million cubic meters of natural gas per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related reports. (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).
TERMINALS
U.S. to Sell Up to 10 Million Barrels of Oil from SPR for November Delivery - The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve (SPR), for delivery in November, extending the timing of a plan to sell 180 million barrels from the stockpile to tame fuel prices. President Joe Biden's plan announced in March of the largest release of oil from SPR in history had aimed to sell 180 million barrels by the end of October. So far, only 155 million barrels have been sold and the next sale will bring the total to 165 million barrels, the department said. (Reuters)
CRUDE OIL
Saudi's Crude Oil Exports Increase in June - Saudi Arabia's crude oil exports in July rose to 7.38 million barrels per day (BBL/d) from 7.20 million BBL/d in June, the International Energy Forum said on Monday. (Reuters)
PRODUCTION
TotalEnergies Launches Offshore Gas Project in Argentina - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) on Monday announced it had taken the final investment decision to kick off a natural gas project off the coast of Tierra del Fuego in southern Argentina. The project, which includes setting up three wells and a pipeline, will produce 10 million cubic meters of natural gas per day. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related reports. (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).
