Daily News Energy Headlines from September 11, 2017

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

CRUDE OIL
Saudi Arabia Says It's Open to Another Crude Oil Cut Extension - Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan, Kazakh and U.A.E. counterparts to keep all options open in their push to rebalance world oil markets, including the possible extension of output cuts beyond next March. (Bloomberg)

Goldman Sachs: Harvey, Irma Will Increase U.S. Crude Stocks - Investment bank Goldman Sachs (NYSE:GS) says that U.S. crude oil supplies could increase by as much as 43 million barrels for the month as refineries and petrochemicals facilities were knocked offline in Harvey's wake and demand remains lower in Florida. (Fuel Fix)

POWER
U.S. Installs 2.4 Gigawatts of Solar in Second Quarter - The Solar Energy Industries Association reports that the U.S. installed 2,387 megawatts of new solar power in second-quarter 2017, representing an 8% increase year over year. (PR Newswire)

FINANCIAL
BP Files for IPO of U.S. Pipeline Assets - BP plc (NYSE:BP) on Monday filed for an initial public offering (IPO) of its U.S. pipeline assets. BP Midstream Partners LP, the master limited partnership formed by BP's U.S. pipeline unit, said in a regulatory filing it plans to list on the New York Stock Exchange under the symbol "BPMP". (Reuters)

Hedge Funds Eye Refinery Restarts - This Reuters column discusses how hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalize. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by 46 million barrels in the week to September 5. (Reuters)

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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, 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 http://www.industrialinfo.com.