Daily News Energy Headlines from March 2, 2017

---

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

CRUDE OIL
Oil Falls as Russia Doesn't Adhere to Output Cuts - Oil prices fell more than 2% on Thursday after Russian crude production remained unchanged in February, showing weak compliance with a global deal to curb supply to tighten the oversupplied market. Russia's February oil output was unchanged from January at 11.11 million barrels per day, energy ministry data showed. (Reuters)

Brazil Hits New Record for Oil Exports in February - Brazil's oil exports rose to 6.23 million tonnes (roughly 45.7 million barrels), 94% higher than in February of last year and 12% higher than in January, according to data from Brazil's trade ministry. (Reuters)

POLITICS
Perry Confirmed as Energy Secretary - On Thursday, the U.S. Senate confirmed former Texas Governor Rick Perry as head of the Department of Energy. (Bloomberg)

EARNINGS REPORTS
Canadian Natural Resources Reports Higher Quarterly Profit - Canadian Natural Resources (NYSE:CNQ) reported 4Q16 net earnings of C$566 million, compared with C$131 million a year earlier. (Reuters)

.....

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.