Continental Resources, Increasing U.S. Gas Output: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
Continental Resources Boosts Production Guidance - Continental Resources (NYSE:CLR) boosted 2019 annual oil production guidance to 195,000 to 200,000 barrels oil-equivalent per day (boe/d), versus previous guidance of 190,000 to 200,000 boe/d. The company also increased natural gas production guidance to 820,000 to 840,000 million cubic feet per day, versus previous guidance of 790,000 to 810,000 million cubic feet per day. (PR Newswire)

NATURAL GAS
U.S. Natural Gas Demand, Output Seen Rising to Records in 2019 - U.S. dry natural gas production will rise to an all-time high of 91.03 billion cubic feet per day (Bcf/d) in 2019, breaking last year's record of 83.39 Bcf/d, the Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA also projected U.S. gas consumption would rise to 84.65 Bcf/d in 2019, beating the record-high of 82.07 Bcf/d a year ago. (Reuters)

CRUDE OIL
Oil Prices Down on Trade Worries - Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and China intensified worries about weakening global demand. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at https://www.industrialinfo.com.