Daily News Energy Headlines from June 20, 2017

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

PRODUCTION
Tropical Storm Cindy Approaches Gulf Coast - Tropical Storm Cindy has formed over the Gulf of Mexico, the U.S. National Hurricane Center said on Tuesday. Cindy is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night, and move inland over western Louisiana and eastern Texas on Thursday. (Bloomberg)

Libya Pumps Most Oil Since 2013 - Libya is pumping the most oil in four years after a deal with Wintershall AG enabled at least two fields to resume production, adding to the challenge that OPEC and allied producers face in trying to pare global crude inventories. (Bloomberg)

Mexico Awards 10 Blocks in Shallow Water Auction - Mexico's Gulf of Mexico shallow water auction June 19 awarded 10 of 15 blocks to the likes of Eni (NYSE:E), Royal Dutch Shell (NYSE:RDS-A) and Total (NYSE:TOT)--suggesting the nation's bet on foreign oil company investment will pay off. (Rigzone)

TERMINALS
Centrica to Close Britain's Largest Gas Storage Site - Centrica will cease storage operations at Rough, Britain's largest natural gas storage site, the energy supplier said on Tuesday. Centrica Storage Limited said it intends to file applications to permanently end Rough's status as a storage facility but aims to produce all recoverable gas from the field, which is estimated at 183 billion cubic feet. (Reuters)

REFINING
U.S. Refineries Run at Record Levels - Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record-high 17.7 million barrels per day (BBL/d) for the week ending May 26, before dropping slightly to 17.5 million BBL/d for the week ending June 2 and 17.6 million BBL/d for the week ending June 9. Weekly U.S. refinery runs have exceeded 17 million BBL/d only 24 times since EIA began publishing the data series in 1990, and all of those instances have occurred since July 2015. (EIA)

POWER
Heat Wave Tests California's Natural Gas Reserves - A dangerous heat wave gripping the U.S. West is providing the first big test of the summer for the natural gas market in Southern California, where supplies have been limited since the largest leak in U.S. history. Demand for the power-plant fuel could hit levels normally seen during the peak heat of July in California. (Bloomberg)

Natural Gas Power May Struggle in Texas - This Bloomberg article discusses how wind energy is usurping natural gas-fired generation in Texas. (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 https://www.industrialinfo.com.