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Released July 13, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
IEA Raises Oil Demand Forecast - The International Energy Agency (IEA) raised its global crude oil demand forecast to 92.1 million barrels per day (BBL/d), up 400,000 BBL/d from its outlook last month, citing a smaller-than-expected second-quarter decline. (Reuters)
PRODUCTION
U.S. Oil & Gas Rig Count Hits Record Low for Tenth Week - The U.S. oil and gas rig count fell by five to an all-time low of 258 in the week ending July 10, marking the tenth consecutive week of a new record low. That was 700 rigs, or 73%, below this time last year. (Reuters)
PIPELINES
New Inspection Completed on Enbridge's Line 5 - A new inspection has found no problems on the western segment of Enbridge's (NYSE:ENB) Line 5 at the Straits of Mackinac in northern Michigan. The inspection "found no internal or external metal loss or dents," it said. The pipeline was shut down on June 25 as a precaution. On July 1, Ingham County Circuit Court Judge James Jamo allowed Enbridge to resume service on the western leg of Line 5. The eastern leg of the underwater pipeline where a damaged anchor was discovered remains shut down. (Pipeline 3506883) (Kallanish Energy)
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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, 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.
CRUDE OIL
IEA Raises Oil Demand Forecast - The International Energy Agency (IEA) raised its global crude oil demand forecast to 92.1 million barrels per day (BBL/d), up 400,000 BBL/d from its outlook last month, citing a smaller-than-expected second-quarter decline. (Reuters)
PRODUCTION
U.S. Oil & Gas Rig Count Hits Record Low for Tenth Week - The U.S. oil and gas rig count fell by five to an all-time low of 258 in the week ending July 10, marking the tenth consecutive week of a new record low. That was 700 rigs, or 73%, below this time last year. (Reuters)
PIPELINES
New Inspection Completed on Enbridge's Line 5 - A new inspection has found no problems on the western segment of Enbridge's (NYSE:ENB) Line 5 at the Straits of Mackinac in northern Michigan. The inspection "found no internal or external metal loss or dents," it said. The pipeline was shut down on June 25 as a precaution. On July 1, Ingham County Circuit Court Judge James Jamo allowed Enbridge to resume service on the western leg of Line 5. The eastern leg of the underwater pipeline where a damaged anchor was discovered remains shut down. (Pipeline 3506883) (Kallanish Energy)
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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, 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.
