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Daily News Energy Headlines from January 18, 2017

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Thursday, January 19, 2017

Daily News Energy Headlines from January 18, 2017

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

PIPELINES
Plains All American to Expand Cactus Crude Oil Pipeline Capacity
- Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas) announced on Wednesday that it will expand capacity of its Cactus crude oil pipeline from McCamey to Gardendale, Texas, to approximately 390,000 barrels per day, allowing the company to move increased volumes from the Permian Basin. (Business Wire)

CRUDE OIL
Oil at Lowest in a Week
- Oil prices fell on Wednesday to their lowest in a week, on a strong dollar and expectations that U.S. producers would boost output even as OPEC's output fell from a record high. Brent crude ended the session at $53.92 per barrel, down $1.55 or 2.79%, while U.S. crude settled at $51.08, down $1.40, or 2.67%. (Reuters)

NGL
U.S. Ethane Production, Consumption, and Exports Expected to Increase through 2018
- U.S. production of ethane is expected to increase from an average of 1.25 million barrels per day (BBL/d) in 2016 to 1.7 million BBL/d in 2018 according to EIA's latest Short-Term Energy Outlook. Increased ethane production is expected to be consumed in the petrochemical industry domestically as well as exported to other countries. (EIA)

PRODUCTION
Permian Production to Continue to Accelerate
- Oil production in the Permian Basin could rise by 53,000 barrels a day by next month, the Energy Department said Tuesday, and analysts expect the flurry of West Texas land deals to keep drillers pumping oil. (Fuel Fix)

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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.
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