Daily News Energy Headlines from November 8, 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 Oil Inventories Climb - The U.S. Energy Information Administration reports that U.S. crude oil inventories grew by 2.2 million barrels for the week ending November 3. Crude stocks at the Cushing, Oklahoma, delivery hub rose 720,000 barrels, and crude imports rose 1.1 million barrels per day. (Reuters)

EARNINGS REPORTS
Energy Transfer Partners Net Income Up - Energy Transfer Partners (NYSE:ETP) reported third-quarter 2017 net income of $761 million, compared with $138 million in third-quarter 2016. (Business Wire)

American Midstream Reports Third-Quarter Results - American Midstream Partners (NYSE:AMID) reported third-quarter net income of $55.9 million, compared with a net loss of $9 million for third-quarter 2016. (Business Wire)

Encana Profits Fall on Lower Production - Canadian oil and gas producer Encana Corporation's (NYSE:ECA) profit fell 7.3% in the third quarter, hurt by lower oil and gas production. The Calgary-based company said on Wednesday its net profit slipped to C$294 million ($231 million) in the quarter ended September 30, from C$317 million ($249 million) a year earlier. (Reuters)

FINANCIAL
ConocoPhillips Aims at $5.5 Billion in Capex per Year - ConocoPhillips (NYSE:COP), the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as U.S. oil prices stay above $50 per barrel. (Reuters)

POWER
Duke to Convert Coal Plants to Burn Natural Gas - Duke Energy Corporation (NYSE:DUK) plans to spend about $200 million in the next three years converting four North Carolina coal-burning power plants that will in the future be able to use both coal and natural gas. (Bloomberg)

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About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.