Daily News Energy Headlines from October 27, 2015

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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. to Sell 58 Million Barrels from Strategic Petroleum Reserve - As part of a budget deal reached Monday night, the U.S. government will sell a total of 58 million barrels from the country's strategic petroleum reserve from 2018 until 2025.

NATURAL GAS
U.S. Natural Gas Futures Briefly Dip Below $2 - U.S. natural gas futures briefly slipped below $2 per million British thermal units on Tuesday to the lowest price in three years. Natural gas prices have declined approximately 19% since last Wednesday due to warmer-than-normal weather for much of the country.

FINANCIAL
BP Profits Down 40%, but Beat Estimates - BP plc (NYSE:BP) (London, England) reported adjusted third-quarter profit of $1.82 billion, which is 40% down from profits in 3Q14, but seems to have beaten the expectations of many analysts.

OTHER NEWS
Study for Alaskan Oil Port Put on Hold - Following Shell's decision to halt offshore drilling in Alaskan waters last month, the U.S. Army Corp of Engineers has placed plans for the development of a deepwater port for oil and gas ships in the area on hold for a year.

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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.