Daily News Energy Headlines from September 10, 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. Crude Oil Supplies Rise - The U.S. Energy Information Administration reports that U.S. crude oil inventories rose by 2.6 million barrels to 458 million barrels for the week ending September 4. Crude oil imports were down by 396,000 BBL/d to 6.98 million barrels. Gasoline stocks rose by 384,000 barrels, while distillate stocks rose by 1 million barrels.

Iran Reduces Crude Price to Three-Year Low - In a bid to gain Asian market share, Iran has reduced the price of its flagship crude to the lowest price in three years.

House Panel Advances Repeal of U.S. Crude Export Bill - The House Energy and Commerce Subcommittee on Energy and Power approved a bill to end the ban on U.S. crude oil exports. The bill will go to vote before the full committee, and then the entire House.

LNG
Natural Gas Pipeline Company of America Makes Transport Agreement with Cheniere - Natural Gas Pipeline Company of America LLC has announced an agreement to supply Cheniere Energy's (NYSE:LNG) LNG liquefaction facility in Corpus Christi, Texas, with 385,000 dekatherms per day of southbound natural gas transportation capacity on NGPL's expanded Gulf Coast mainline system for a 20-year term.

PRODUCTION
NGL Production Forecast to Continue Growing Until 2020 - Prices for natural gas liquids (NGLs) have been "crushed," but more bad news is on the horizon, as production is expected to increase by as much as 50% by 2020, Kelly Van Hull, manager of energy analytics at RBN Energy LLC (Houston, Texas) told attendees at the 27th Annual Rocky Mountain Energy Summit in Denver late last month. Within this article: NGLs production forecast by RBN Energy LLC.

China Lowers Conventional Natural Gas Production - Chinese natural gas producers have restricted production from conventional natural gas wells as the economy slows and demand diminishes. The production stopped at the country's large Puguang field amounts to about 3% of Chinese gas production.

COAL
EIA Lowers U.S. Coal Production Forecast - The U.S. Energy Information Administration has lowered its U.S. coal production estimates for 2015 to 913.6 million tons, the lowest since 1986.

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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.