Daily News Energy Headlines from March 4, 2016

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

PRODUCTION
Baker Hughes: U.S. Oil Rigs Down by Eight - Baker Hughes reports that the number of rigs drilling for oil in the U.S. declined by eight for the week ending March 4 to 392. Gas rigs fell by five to 97.

CRUDE OIL
U.S. Crude Oil Exports Fell in January - U.S. crude oil exports averaged 364,000 barrels per day in January, totaling about 11.3 million barrels and marking a 7% decline from December exports.

Exxon is First Major U.S. Company to Export Crude - While European-based trading houses have been the first to ship crude overseas, Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) became the first major U.S. producer to ship crude when it exported a tanker to its refinery in Sicily last month.

LNG
Japan Invests Heavily In U.S. LNG Exports Amid Unpredictable Demand - Japan's power mix is still in a state of limbo as nuclear power comes online and offline irregularly after being shut down following the March 2011 earthquake, tsunami and nuclear meltdown triple disaster. The role of LNG in the island nation's power generation scheme fluctuates between temporary measure and staple.

FINANCIAL
U.S. Trade Gap Widens - The U.S. trade deficit widened 2.2% in January to $45.7 billion as U.S. producers find it harder to export products abroad.

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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.