Enbridge, U.S. Natural Gas Futures Jump: Your Daily Energy News

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

PRODUCTION
Proposed Texas Oil Production Cuts Dropped by Regulator - The Texas regulator who had proposed mandating oil production cuts by 1 million barrels per day now says the issue is "dead," a day before the state was set to vote on the measure. Texas Railroad Commissioner Ryan Sitton told Bloomberg the measure lacks support from the three-member agency, and he will no longer make a motion to vote on it. (Seeking Alpha)

NATURAL GAS
U.S. Natural Gas Jumps to 15-Week High - U.S. natural gas futures jumped on Monday to a 15-week high on forecasts for cooler weather and more heating demand over the next two weeks than previously expected and a slowing of output as drillers shut oil wells in shale basins that produce associated gas. Front-month gas futures for June delivery on the New York Mercantile Exchange rose 10.3 cents, or 5.4%, to settle at $1.993 per million British thermal units, their highest close since January 17. (Reuters)

PIPELINES
Enbridge to Offer Storage on Part of Mainline System - Enbridge Incorporated (NYSE:ENB) said on Monday it has reached a deal with shippers to temporarily store crude oil in North America's largest oil pipeline network from June 1 and is working with governments to provide additional capacity. The Mainline, Canada's longest oil pipeline system, has capacity for nearly 3 million barrels per day, moving western Canadian oil to U.S. refiners. The company is offering about 900,000 barrels of storage, equivalent to about four standard-sized tanks, for an eight-month term, a spokeswoman said. It would use an older portion of its Line 3 Pipeline in Canada before the line is decommissioned next year. (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.