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Plant(s): View 1 related plant in PECWeb
Released June 09, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
Demand for U.S. Light Sweet Oil Drops as OPEC+ Ramps Up Output - Rising oil supplies from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) as well as new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude oil, contributing to lower prices in the country's main oil-producing regions. Since April, OPEC+ countries including Saudi Arabia and Russia have made or announced increases totaling 1.37 million barrels per day (BBL/d), or 62% of the 2.2 million BBL/d they aim to add back to the market. U.S. exports fell to an average of 3.8 million BBL/d in May from an average of 4 million BBL/d in April, according to an analysis of weekly U.S. Energy Information Administration (EIA) data. (Reuters)
PRODUCTION
U.S. Rig Count at Lowest Since 2021 - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes Company (Houston, Texas) said. The oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021. Oil rigs fell by nine to 442 last week, while gas rigs rose by five to 114, Baker Hughes said. (Reuters)
PIPELINES
Construction of Prince Rupert Pipeline Underway in British Columbia - British Columbia's Environmental Assessment Office has determined that work on the Prince Rupert Gas Transmission (PRGT) natural gas pipeline project has been substantially started, the provincial government said on Thursday. The 900-kilometer PRGT project will run from Hudson's Hope in northeastern B.C. to Lelu Island near Prince Rupert on Canada's Pacific Coast. It was acquired from TC Energy Corporation (Calgary, Alberta) by the Nisga'a First Nation and the Western LNG (Houston) in March 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project 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).
CRUDE OIL
Demand for U.S. Light Sweet Oil Drops as OPEC+ Ramps Up Output - Rising oil supplies from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) as well as new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude oil, contributing to lower prices in the country's main oil-producing regions. Since April, OPEC+ countries including Saudi Arabia and Russia have made or announced increases totaling 1.37 million barrels per day (BBL/d), or 62% of the 2.2 million BBL/d they aim to add back to the market. U.S. exports fell to an average of 3.8 million BBL/d in May from an average of 4 million BBL/d in April, according to an analysis of weekly U.S. Energy Information Administration (EIA) data. (Reuters)
PRODUCTION
U.S. Rig Count at Lowest Since 2021 - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes Company (Houston, Texas) said. The oil and gas rig count, an early indicator of future output, fell by four to 559 in the week to June 6, the lowest since November 2021. Oil rigs fell by nine to 442 last week, while gas rigs rose by five to 114, Baker Hughes said. (Reuters)
PIPELINES
Construction of Prince Rupert Pipeline Underway in British Columbia - British Columbia's Environmental Assessment Office has determined that work on the Prince Rupert Gas Transmission (PRGT) natural gas pipeline project has been substantially started, the provincial government said on Thursday. The 900-kilometer PRGT project will run from Hudson's Hope in northeastern B.C. to Lelu Island near Prince Rupert on Canada's Pacific Coast. It was acquired from TC Energy Corporation (Calgary, Alberta) by the Nisga'a First Nation and the Western LNG (Houston) in March 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project 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).
