Daily News Energy Headlines from January 15, 2018

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

CRUDE OIL
Brent Closes at Three-Year High - Oil reached new highs in London as OPEC members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above $70 a barrel for the first time in three years after Iraqi Oil Minister Jabbar al-Luaibi said Saturday that production curbs have contributed to stability in the market and should remain. (Bloomberg)

PRODUCTION
Shell to Build North Sea Production Vessel - Royal Dutch Shell (NYSE:RDS-A) plans to build its first major oil-production vessel in the northern U.K. North Sea in almost three decades, in an effort to redevelop the Penguins oil and gas field, the company said Monday. (Fuel Fix)

POWER
With Influx of Renewables, California Votes to Close Two Remaining Nuclear Reactors - The California Public Utilities Commission recently voted to let the state's two remaining nuclear reactors, located at the Diablo Canyon power plant near Avila Beach, be permanently closed when their federal operating licenses expire in 2024 and 2025. The plant's owner and operator, PG&E Corporation (NYSE:PCG) (San Francisco, California), says the reactors' carbon-free power generation will no longer be needed due to an influx of renewable energy into the state and lower consumer usage. The facility has a generating capacity of 2,256 megawatts. (IIR)

FINANCIAL
Husky May Emerge as Top Stock in Increasing Oil Prices - This Bloomberg article discusses how Husky Energy Incorporated (TSX:HSE), the best oil-sands stock last year, may emerge as a top pick for investors who are looking to capitalize on surging crude prices and already have shares of the largest Canadian producers. (Bloomberg)

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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
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 http://www.industrialinfo.com.