Daily News Energy Headlines from July 25, 2017

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

LNG
Petronas Drops Plans to Build Canada LNG Terminal - Malaysia's Petroliam Nasional Bhd (Petronas) abandoned its long-stalled plans to build a $27 billion liquefied natural gas export terminal on Canada's west coast, citing changes in market conditions. (Bloomberg)

PRODUCTION
Shale Oil Boom May be Hitting the Brakes - This Bloomberg article discusses how Anadarko's (NYSE:APC) decision to curb capital spending by $300 million may be a taste of things to come as other producers attempt to reign in low oil prices by less drilling. (Bloomberg)

U.A.E. Pledges Further Output Cuts - The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs. The Abu Dhabi National Oil Co.'s shipments of Murban, Das and Upper Zakum crudes will be 10% lower from September. (Bloomberg)

EIA: U.S. Crude Oil Production to Reach Record High in 2018 - In 2018, the U.S. Energy Information Administration (EIA) expects crude oil production to reach an average of 9.9 million barrels per day (BBL/d), which would surpass the previous record of 9.6 million BBL/d set in 1970. (EIA)

CRUDE OIL
Oil Climbs on Saudi Export Cuts, Shrinking U.S. Supplies - On Tuesday, oil surged the most since November as the market appears to be tightening, with Saudi Arabia pledging deeper cuts to crude exports and supplies in the U.S. shrinking. Futures advanced 3.3% in New York. (Bloomberg)

FINANCIAL
NextDecade to Trade on NASDAQ - Liquefied natural gas (LNG) company NextDecade LLC, after merging with Harmony Merger Corporation, will now trade on the NASDAQ stock exchange under the NEXT ticker. (Fuel Fix)

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About Industrial Info
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