Daily News Energy Headlines from September 23, 2015

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

CRUDE OIL
Crude Falls on High U.S. Gasoline Supplies - Despite a drawdown of 1.9 million barrels in U.S. crude oil stocks last week, U.S. crude was down as much as 3% because of a 1.4 million-barrel increase in U.S. gasoline stocks, which was much higher than most analysts' expectations.

POWER
Combined-Cycle, Waste-to-Energy Projects Top the List for U.S. Southeast's $7 Billion in Fourth-Quarter Kickoffs - The U.S. Southeast region is looking at an uptick in total spending on projects expected to begin construction in fourth-quarter 2015, with Industrial Info's project database indicating about $7.03 billion in projected kickoffs. Biomass/waste-to-energy and combined-cycle plants are driving much of the growth.

Power Prices in California Surge, Driven by High Temperatures, Fires and Power Plant Outages - Record temperatures pushed up electric load and day-ahead power prices in California on September 8-11. Power market fundamentals also were affected by several large fires in the state, as well as a large number of electric generators in the region, which were idled either for planned or unplanned outages. IIR Energy's PowerCast Live showed a total of 25,335 megawatts (MW) of power plants in the Western Electricity Coordinating Council (WECC) were offline between September 1 and September 17. Some of these outages were planned, but others were unplanned.

PRODUCTION
Imperial Projects Add 120,000 BBL/d of Crude Production This Year - Imperial Oil Limited's (Calgary, Alberta) 90,000-barrel-per-day (BBL/d) expansion of its Kearl oil sands project joins its 30,000-BBL/d Nabiye project, completed earlier this year, in boosting the company's oil production. Nabiye will hit 40,000-BBL/d by the end of the year.

FINANCIAL
Canada Dollar Falls to 11-Year Low - The Canadian dollar fell to $1.3357 per U.S. dollar on Wednesday, its lowest level since June 2004.

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.

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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.