Daily News Energy Headlines from June 7, 2017

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

CRUDE OIL
U.S. Crude Inventories Rise - U.S. crude oil supplies rose by 3.3 million barrels for the week ending June 2, to 513 million barrels. The news caused crude futures to fall. (Reuters)

U.S. Crude Oil Production Forecast to Break Record in 2018 - U.S. crude production will average more than 10 million barrels a day for the first time in 2018, breaking a record almost five decades old and keeping prices from rising as much as previously estimated, government forecasts showed Tuesday. (Bloomberg)

PRODUCTION
Baker Hughes: Worldwide Rig Count Up - Baker Hughes announced that the worldwide rig count was 1,935 in May. This compares to 1,917 in April and 1,405 in May 2016. (Business Wire)

LNG
Australia May Build LNG Import Terminal - Australia's Victoria state is working with AGL Energy (Sydney, Australia) to study building a liquefied natural gas (LNG) import terminal to beef up local gas supply, even as the country is set to become the world's largest LNG exporter. (Reuters)

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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, 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.