Daily News Energy Headlines from April 6, 2016

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

CRUDE OIL
U.S. Crude Oil Supplies Decline - The U.S. Energy Information Administration reports that U.S. crude oil supplies declined by 4.9 million barrels for the week ending April 1, helping push up the price of crude. U.S. refinery runs were up by almost 200,000 barrels per day as utilization rose by 1 percentage point to 91.4%.

LNG
Gorgon LNG Plant to Restart in 30 to 60 Days - Chevron Corporation (NSYE:CVX) (San Ramon, California) says its Gorgon LNG plant in northwest Australia will return to production in 30 to 60 days. The plant was taken offline earlier this month due to mechanical issues in the propane refrigeration circuit.

FINANCIAL
U.S. Sues to Stop Halliburton-Baker Hughes Merger - The U.S. Justice Department has filed a lawsuit to block Halliburton Company (NYSE:HAL) (Houston, Texas) from purchasing Baker Hughes Incorporated (NYSE:BHI). The department says the merger of the two oil field service providers would hurt competition in the sector.

Williams Sues Energy Transfer - Williams Companies (NYSE:WMB) (Tulsa, Oklahoma) has filed a lawsuit against its potential acquirer Energy Transfer Equity LP (NYSE:ETE) (Dallas, Texas), saying that Energy Transfer showed preferential treatment to its shareholders in a private equity offering.

PIPELINES
Magellan Midstream: Key Projects in Line for Completion this Year - With a $900 million capital expansion program through 2017 and well over $500 million in highly probable projects, Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) is no slouch in the spending department. Executives with the crude and refined oil products pipeline and terminals company told investment analysts last week many of these investments will begin to pay off in 2017.

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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
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