Daily News Energy Headlines from March 30, 2017

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

FINANCIAL
ConocoPhillips Sells Western Canada Assets for $13.3 Billion - ConocoPhillips (NYSE:COP) on Wednesday announced it has signed a definitive agreement with Cenovus (NYSE:CVE) to sell its 50% nonoperated interest in the Foster Creek Christina Lake oil sands partnership, as well as the majority of its western Canada Deep Basin gas assets, for total proceeds of $13.3 billion. (Business Wire)

CRUDE OIL
Oil Reaches Three-week Highs as OPEC Deal Extension Seen Likely - Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait backed an extension of OPEC production cuts to reduce a global glut. U.S. crude settled up 84 cents, or 1.7%, higher at $50.35 a barrel, after touching $50.47. (Reuters)

PRODUCTION
Permian Gas Output Rises With Oil - This Bloomberg article discusses how Permian Basin natural gas output has risen by 1 billion cubic feet a day since May 2016, when the gas-rig count dropped to zero. (Bloomberg)

PIPELINES
Environmental Groups Sue Trump Over Keystone XL Approval - Several environmental groups filed lawsuits against the Trump administration on Thursday to challenge its decision to approve construction of TransCanada Corporation's (NYSE:TRP) controversial Keystone XL crude oil pipeline. (Reuters)

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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.