Daily News Energy Headlines from December 27, 2016

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

PRODUCTION
Venezuela to Cut 95,000 BBL/d of Crude Production - Venezuela said on Tuesday it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices. (Reuters)

Algeria's Sonatrach to Boost Output 20% - Algeria's state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20% in the next four years as new projects start up, Salah Mekmouche, the company's vice president of exploration and production, said. (Bloomberg)

FINANCIAL
Mexico's Gasoline Prices Set to Rise - Mexican gasoline prices will rise by as much as 20.1% next month compared to the highest recorded prices in December, the government said on Tuesday, as part of a program to end years of government-set prices at the pump. (Reuters)

POWER
Southern Power Acquires Two Texas Windfarms - Southern Company (NYSE:SO) (Atlanta, Georgia) subsidiary Southern Power has acquired a 174-megawatt (MW) and 126-MW windfarm in Texas. (Fuel Fix)

Detroit Edison to Close Coal Plants, Build New Gas, Renewable Generation - Units of DTE Energy Company (NYSE:DTE) (Detroit, Michigan), like many other electric utilities, are closing coal-fired generation while building new gas-fired and renewable generators. When it comes to renewables, however, the Michigan-based utility holding company got there before many of its peers, and its investment dwarfs that of other electric utilities. (IIR)

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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.