Daily News Energy Headlines from August 31, 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 Reserves Rise - The U.S. Energy Information Administration (EIA) reports that U.S. crude oil inventories rose by 2.3 million barrels for the week ending August 26, exceeding analysts' expectations. Distillate stockpiles rose 1.5 million barrels. The news helped lower oil prices 3% on Wednesday. (Reuters)

LNG
Ex-Cheniere Exec Rejoins Souki in LNG Venture - Meg Gentle, a former vice president at Cheniere Energy (NYSE:LNG) (Houston, Texas) has rejoined former Cheniere CEO Charif Souki as president and CEO of Tellurian Investments, which will develop liquefied natural gas (LNG) projects along the U.S. Gulf Coast. (Bloomberg)

CRUDE OIL
U.S. Crude Imports Highest in Four Years - The EIA reports that last week, U.S. crude oil imports were 8.92 million barrels per day, the highest amount since September 2012. (Bloomberg)

POWER
U.S. Plans for $517 Million in Nuclear Maintenance, Refueling for Rest of Year - While much of the press involving the nuclear industry involves the construction of new plants or the closure of existing ones, refueling and maintenance projects account for a substantial amount of project activity throughout the U.S. Industrial Info is tracking 23 refueling/maintenance outages valued at $517 million that are set to kick off in the U.S. from September through December this year. (IIR)

FINANCIAL
Shell to Sell U.S. Gulf Assets - Royal Dutch Shell (NYSE:RDS-A) (The Hague, Netherlands) says it will sell its 25,000-barrel-per-day Brutus/Glider operation in the Gulf of Mexico for $425 million to EnVen Energy Corporation (Houston, Texas). (Fuel Fix)

NATURAL GAS
U.S. Gas at Two-Month High - U.S. natural gas futures climbed to a two-month high on Wednesday as unseasonably hot weather boosted demand from power plants and a tropical storm in the Gulf of Mexico curtailed gas production. Gas futures for October delivery gained 6 cents, or 2.1 percent, to $2.887 per million British thermal units on the New York Mercantile Exchange, the highest settlement since July 1. (Bloomberg)

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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 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.