Daily News Energy Headlines from April 5, 2016

---

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

REFINING
Keystone Closure Forces Refinery Outage - Phillips 66 (NYSE:PSX) has been forced to shut down units at its Illinois refinery because of the closure of TransCanada Corporation's (NYSE:TRP) Keystone pipeline system on Saturday due to a potential oil leak in South Dakota.

FINANCIAL
U.S. Trade Deficit at Six-Month High - The U.S. Commerce Department reports that the U.S. trade deficit rose 2.6% in February to $47.1 billion from $45.9 billion in January, marking a six-month high as a stronger U.S. dollar makes U.S. goods less attractive abroad.

CRUDE OIL
Saudi Aramco Increases U.S. Oil Prices - Saudi Arabia's state-run oil company Saudi Aramco increased the U.S. price for May sales of light, medium and heavy crude by 40 cents per barrel before the uptick in oil consumption in the summer driving season.

POWER
Planners Block Proposal for Largest Irish Windfarm - Planning permission for the largest proposed windfarm in Ireland has been rejected. The Irish planning authority, An Bord Pleanála (Dublin), has refused permission for the 49-turbine Carrickaduff onshore windfarm, which was proposed for County Donegal.

RWE Launches New Renewable Energy Business - German energy giant RWE AG (FWB:RWE) (Essen, Germany) has completed the creation of a new subsidiary to cover renewable energy, electricity grids and retail operations.

.....

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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 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.