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Energy Market highlights gathered by Industrial Info and IIR Energy
NATURAL GAS
EIA: U.S. Natural Gas Output to Rise, Demand to Ease in 2021 - U.S. natural gas production will rise to a record high in 2021 after falling last year as the pandemic stifled demand, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected dry gas production will rise to 93.34 billion cubic feet per day (Bcf/d) in 2021 and 96.69 Bcf/d in 2022 from 91.49 Bcf/d in 2020. The agency also projected gas consumption would slide to 83.03 Bcf/d in 2021 before rising to 83.06 Bcf/d in 2022 from 83.25 Bcf/d in 2020. (Reuters)
POWER
Duke Completes Florida Solar Plant - Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced that its 74.9-megawatt Duette solar power facility in Manatee County, Florida, is now operational. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report. (PR Newswire)
CRUDE OIL
U.S. Crude Oil Stocks Up, Fuel Inventories Down - U.S. crude oil inventories rose by 1 million barrels in the week to November 5. The increase was due in part to a 3.1 million-barrel release from the U.S. Strategic Petroleum Reserve, the largest since July 2017. Gasoline stocks fell by 1.6 million barrels, the fifth consecutive week of draws. Distillate stocks were down as well, dropping by 2.6 million barrels. (Reuters)
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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 commodity-trading community. We are the number one source for information about power plant 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.
NATURAL GAS
EIA: U.S. Natural Gas Output to Rise, Demand to Ease in 2021 - U.S. natural gas production will rise to a record high in 2021 after falling last year as the pandemic stifled demand, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected dry gas production will rise to 93.34 billion cubic feet per day (Bcf/d) in 2021 and 96.69 Bcf/d in 2022 from 91.49 Bcf/d in 2020. The agency also projected gas consumption would slide to 83.03 Bcf/d in 2021 before rising to 83.06 Bcf/d in 2022 from 83.25 Bcf/d in 2020. (Reuters)
POWER
Duke Completes Florida Solar Plant - Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced that its 74.9-megawatt Duette solar power facility in Manatee County, Florida, is now operational. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report. (PR Newswire)
CRUDE OIL
U.S. Crude Oil Stocks Up, Fuel Inventories Down - U.S. crude oil inventories rose by 1 million barrels in the week to November 5. The increase was due in part to a 3.1 million-barrel release from the U.S. Strategic Petroleum Reserve, the largest since July 2017. Gasoline stocks fell by 1.6 million barrels, the fifth consecutive week of draws. Distillate stocks were down as well, dropping by 2.6 million barrels. (Reuters)
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 commodity-trading community. We are the number one source for information about power plant 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.
