Canadian Natural Resources, U.S. Oil Output: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Oil Output Rises to Highest Since March 2020 - U.S. oil output climbed 2.4% to 12.27 million barrels per day (BBL/d) in September, government figures showed on Wednesday, the highest since March 2020. Among top oil producing states, monthly output in Texas rose 1.8% to 5.15 million BBL/d, the highest since March 2020. Gross natural gas production in the U.S. Lower 48 states rose 0.8 billion cubic feet per day (Bcf/d) to a record 111.2 Bcf/d in September. (Reuters)

Canadian Natural Resources Forecasts Higher Oil & Gas Production - Canadian Natural Resources Limited (NYSE:CNQ) (Calgary, Alberta) on Wednesday forecast increased production for 2023. The company said it expects total 2023 production to be 4% higher than this year, forecasting total 2023 production of between 1.33 million and 1.37 million barrels of oil equivalent per day. (Reuters)

CRUDE OIL
U.S. Crude Oil Inventories Plummet - U.S. crude oil inventories plunged 12.6 million barrels to 419.1 million barrels for the week ended November 25. Gasoline inventories rose 2.8 million barrels to 213.8 million barrels. Distillate inventories rose 3.5 million barrels to 112.6 million barrels. (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).